The Cambridge Multisectoral Dynamic Model

Front Cover
Terry Barker, William Peterson, William A. Peterson
Cambridge University Press, 1987 - Business & Economics - 507 pages
This 1998 book presents the econometric analysis of single-equation and simultaneous-equation models in which the jointly dependent variables can be continuous, categorical, or truncated. Despite the traditional emphasis on continuous variables in econometrics, many of the economic variables encountered in practice are categorical (those for which a suitable category can be found but where no actual measurement exists) or truncated (those that can be observed only in certain range). Such variables are involved, for example, in models of occupational choice, choice of tenture in housing, and choice of type of schooling. Models with regulated prices and rationing and models for program evaluation also represent areas of application for the techniques presented by the author.
 

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Contents

THEORY AND METHOD Terry Barker and William
13
THE ACCOUNTING FRAMEWORK AND THE DATA
25
THE COMPLETE MODEL Terry Barker
47
Different Versions of MDM6
70
ESTIMATION William Peterson
87
COMPUTER SOFTWARE FOR A LARGE
105
CONSUMERS EXPENDITURE Vani Borooah
125
FIXED INVESTMENT William Peterson
151
THE DEMAND FOR ENERGY William Peterson
275
INDUSTRIAL PRICES AND PROFITS Martin Weale
293
EXPORT AND IMPORT PRICES Terry Barker
311
INCOMES POLICY AND EARNINGS Tony Lawson
341
Equation
360
SOCIAL SECURITY BENEFITS AND PERSONAL
373
THE COMPANY SECTOR Andrew Goudie Geoffrey
389
FINANCIAL STOCKS AND RETURNS Martin Weale
411

and Plant
174
STOCKHOLDING Michael Landesmann
185
Exports
222
Imports in Demand
227
Equations UK 195881
231
EMPLOYMENT William Peterson
247
STERLING EXCHANGE RATE Andrew Snell
433
to 1984
442
The Definition of Industries in MDM6
455
Bibliography
473
Index of Authors
498
Copyright

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