## Discussion papers: Economic theory and econometrics |

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adjusted ak(pt_1 algorithm ALTERNATIVE RELATIONS assumed investment program assumed parameter values assumed value capital stock capital-output ratio causal ordering composite error term computation conditional probability Data matrix deflated density function dependent variables Econometrically economic parameters evaluation exogenous variables explanatory variable fact financial restriction Fx(a Fy(a Fz(a implementation function implementation percentage implied investment program investment program function investment program relation ipfc iPt_x ivfc ivt-i joint probability-density l.OO lagged values largest normal distribution largest normal frequency likelihood function lowest normal frequency maximised Maximum likelihood estimates multiplied natural logarithms non-observed variable normal frequency function normal probability function normally distributed variables NVAR NVAR+1 observed values obtained particular time-period priori production capacity random error term realised investment relationship sample residuals smallest normal distribution smallest normal frequency smallest/largest normal specification matrix standard deviation standard-deviation stochastic parameters suggested starting solution tabulation Theorem unconditional unexplained residual value of ip values of dependent X X X