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The Cambridge Multisectoral Dynamic Model : Cambridge Studies in Applied Econometrics - Terry Barker

The Cambridge Multisectoral Dynamic Model

Cambridge Studies in Applied Econometrics

By: Terry Barker (Editor), William Peterson (Editor)

Hardcover Published: 20th January 2012
ISBN: 9780521330046
Number Of Pages: 532

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This 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.

Industry Reviews

'The book does an excellent job of surveying its chosen topics ... such a comprehensive treatment as this book provides has previously been lacking. Thus the book fills an important gap in the literature. It will no doubt be widely read and used. It should be useful both to individuals interested in these topics at a theoretical level and those interested in applications. In the latter regard, an excellent feature of the book is that it contains a lot of empirical examples.' Journal of the American Statistical Association ' ... a significant contribution to the literature on limited dependent and qualitative variables. It should serve as a major reference for researchers doing empirical work with these models. It should also be useful to graduate students as well as econometric theorists.' American Journal of Agriculture Economics 'To summarise, the book contains a very useful and clearly written account of many of the aspects of the limited dependent and qualitative variable models with an extensive use of empirical examples. The econometric issues raised by the models are neatly produced without taxing the reader too greatly. There will undoubtedly be other books appearing in the near future in the same area ... he has produced a book which, by virtue of its extensive coverage, will be very hard to beat.' The Economic Journal

List of tables
List of figures
The Model as a System
Theory and method
The accounting framework and the data
The complete model
Computer software for a large econometric model
Different Economic Sectors of the Model
Consumers' expenditure
Fixed investment
Exports and imports
The demand for energy
Industrial prices and profits
Export and import prices
Incomes policy and earnings
Social security benefits and personal income tax
The company sector
Financial stocks and returns
Sterling exchange rate
List of variables in MDM6
Index of authors
Index of subjects
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521330046
ISBN-10: 0521330041
Series: Cambridge Studies in Applied Econometrics
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 532
Published: 20th January 2012
Country of Publication: GB
Dimensions (cm): 24.13 x 15.88  x 3.18
Weight (kg): 0.73

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