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Synopsis
This text presents a new approach to incorporating regional details on production in a disequilibrium macroeconometric model. The early studies on disequilibrium dealt with either partial-adjustment models or models involving excess demand or supplies in markets. In this study the authors consider a different type of disequilibrium model - one in which econometric analysis makes use of the varying coefficients stochastic production frontier approach, which permits estimation and analysis of production efficiencies of individual producers. macro econometric models as it provides a useful framework for incorporating production efficiencies and regional details of production in the macro models. It is a pioneering study that combines the stochastic frontier approach with macro econometric modelling. Primarily focused on India, it also provides insights into problems in modelling economies of other developing countries.
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Disequilibrium Macroeconometric Model for the Indian Economy.
Published by
Ashgate,, Aldershot:, 2003
ISBN 10: 0754634701
ISBN 13: 9780754634706
Used
Hardcover
First Edition
Seller: Grendel Books, ABAA/ILAB, Springfield, MA, U.S.A.
Seller rating 5 out of 5 stars
Hardcover. Condition: Near Fine. First edition. Two small gouges on rear board, else near fine in printed boards. No dust jacket, as issued. Seller Inventory # 48994
Quantity: 1 available