Econometrics of Structural Change

Download or Read online Econometrics of Structural Change full in PDF, ePub and kindle. This book written by Walter Krämer and published by Springer Science & Business Media which was released on 06 December 2012 with total pages 130. We cannot guarantee that Econometrics of Structural Change book is available in the library, click Get Book button to download or read online books. Join over 650.000 happy Readers and READ as many books as you like.

Econometrics of Structural Change
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Publisher : Springer Science & Business Media
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ISBN : 9783642484124
Pages : 130 pages
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Download or Read Online Econometrics of Structural Change in PDF, Epub and Kindle

Econometric models are made up of assumptions which never exactly match reality. Among the most contested ones is the requirement that the coefficients of an econometric model remain stable over time. Recent years have therefore seen numerous attempts to test for it or to model possible structural change when it can no longer be ignored. This collection of papers from Empirical Economics mirrors part of this development. The point of departure of most studies in this volume is the standard linear regression model Yt = x;fJt + U (t = I, ... , 1), t where notation is obvious and where the index t emphasises the fact that structural change is mostly discussed and encountered in a time series context. It is much less of a problem for cross section data, although many tests apply there as well. The null hypothesis of most tests for structural change is that fJt = fJo for all t, i.e. that the same regression applies to all time periods in the sample and that the disturbances u are well behaved. The well known Chow test for instance assumes t that there is a single structural shift at a known point in time, i.e. that fJt = fJo (t

Econometrics of Structural Change

Econometric models are made up of assumptions which never exactly match reality. Among the most contested ones is the requirement that the coefficients of an econometric model remain stable over time. Recent years have therefore seen numerous attempts to test for it or to model possible structural change when it

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Structural Changes and their Econometric Modeling

This book focuses on structural changes and economic modeling. It presents papers describing how to model structural changes, as well as those introducing improvements to the existing before-structural-changes models, making it easier to later on combine these models with techniques describing structural changes. The book also includes related theoretical developments

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Econometrics and Structural Change

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Studies that integrate scientific, technological, and economic dimensions of industrial ecology and material flows. The use of economic modeling techniques in industrial ecology research provides distinct advantages over the customary approach, which focuses on the physical description of material flows. The thirteen chapters of Economics of Industrial Ecology integrate the

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