Continuous Time Econometric Modelling (Recent Advances in Econometrics) - Softcover

Bergstrom, A. R.

Softcover

ISBN 10: 0198283679 ISBN 13: 9780198283676

Publisher: Oxford University Press, 1990

Synopsis

Continuous time econometric models require very sophisticated methods and the difficulties involved in these methods have heretofore inhibited the use of the models. In this volume, Bergstrom aims to convince the non-specialist of the applicability of his models to current data. The book is concerned with a new and more realistic type of econometric model in which the economy is assumed to be adjusting continuously rather than at regular intervals of time, e.g. quarterly or annually. The book is divided into three sections. Part I looks at theoretical models of cyclical growth which have provided the basis for much of the applied work on continuous time macroeconometric models. Part II is concerned with econometric methodology and includes papers on estimation, testing, forecasting, and optimal control. Part III is concerned with applications and includes material on the well-known Bergstrom-Wymer continuous time macroeconomic model of the United Kingdom.

Edition details

• Publisher: Oxford University Press
• Publication date: 1990
• Language: English
• ISBN 10: 0198283679
• ISBN 13: 9780198283676
• Binding: Paperback
• Number of pages: 334