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1. |
A keynesian macro‐econometric model of the UK: 1955–1984 |
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Journal of Applied Econometrics,
Volume 3,
Issue 1,
1988,
Page 1-33
Meghnad Desai,
Guglielmo Weber,
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摘要:
AbstractIn this paper we present a small Keynesian macro‐economic model in which wage‐price determination is linked to the working of goods and money markets. By explicitly treating the Keynes effect we derive a general expression for the employment‐money supply elasticity, and draw the IS‐LM loci in the employment‐interest rate spaceOur empirical specification allows for short‐run disequilibrium dynamic adjustments around the static long‐run relations predicted by the theoretical model. By careful use of our specification search strategy we obtain a statistically sound econometric model, which exhibits sensible long‐run properties. A remarkable finding implied by our estimates is that equilibrium unemployment is negatively affected by both money supply and
ISSN:0883-7252
DOI:10.1002/jae.3950030102
出版商:Wiley Subscription Services, Inc., A Wiley Company
年代:1988
数据来源: WILEY
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2. |
Semiparametric econometrics: A survey |
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Journal of Applied Econometrics,
Volume 3,
Issue 1,
1988,
Page 35-51
P. M. Robinson,
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摘要:
AbstractSemiparametric econometric models contain both parametric and nonparametric components, reflecting in some fashion what has been learned from economic theory and previous empirical experience, and what remains unknown. They raise such questions as how well the parametric component can be estimated, and how to construct rules of inference with good statistical properties. The paper attempts to survey the econometric and most relevant statistical literature on semiparametric inference, and includes a partial bibliography.
ISSN:0883-7252
DOI:10.1002/jae.3950030103
出版商:Wiley Subscription Services, Inc., A Wiley Company
年代:1988
数据来源: WILEY
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3. |
Prices, wages, and import prices in Israel: 1970–1983 |
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Journal of Applied Econometrics,
Volume 3,
Issue 1,
1988,
Page 53-67
Rafi Melnick,
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摘要:
AbstractThis paper presents an empirical investigation of the dynamics of prices, wages and import prices in a small open economy using data for Israel in the accelerating inflationary period of 1970–1983. The appropriateness of the specification of a price equation as a function of import prices and wages is critically reviewed using Sims's methodology. The main finding is that the only significant lags in the representation of the rate of change in prices, wages and import prices are the lags of the rate of change in prices (the rate of inflation). Other factors in the representation are attributed to market forces influencing real wages and the real exchange rate. Testing the correlation of the estimated VAR residuals leads to the conclusion that a short‐term inflation equation specified as a function of present and past wages is not acceptable. A further decomposition of the VAR residuals presents evidence in favour the hypothesis that price shocks contribute to the explanation of the inflationary process in Israel. A rational expectation interpretation of the results is proposed, followed by some policy implicati
ISSN:0883-7252
DOI:10.1002/jae.3950030104
出版商:Wiley Subscription Services, Inc., A Wiley Company
年代:1988
数据来源: WILEY
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4. |
A test for the existence of allocative inefficiency in firms |
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Journal of Applied Econometrics,
Volume 3,
Issue 1,
1988,
Page 69-80
C. A. Melfi,
A. J. Rogers,
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摘要:
AbstractThis paper is concerned with the problem of testing for the presence of allocative inefficiency in firms for models in which the cost function is stochastic, the possibility of technical inefficiency is allowed, and the efficient input cost share equations are stochastic. The test exploits the relationships among the disturbances in the cost and share equations to derive implications of the existence of allocative inefficiency. This leads to the use of a Wald‐type statistic to take account of the one‐sided nature of the alternative. Some empirical experience is repor
ISSN:0883-7252
DOI:10.1002/jae.3950030105
出版商:Wiley Subscription Services, Inc., A Wiley Company
年代:1988
数据来源: WILEY
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5. |
Announcement |
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Journal of Applied Econometrics,
Volume 3,
Issue 1,
1988,
Page 81-81
Giancarlo Gandolfo,
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ISSN:0883-7252
DOI:10.1002/jae.3950030106
出版商:Wiley Subscription Services, Inc., A Wiley Company
年代:1988
数据来源: WILEY
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6. |
Sources of international comparative advantage: Theory and evidence. By E. E. Leamer. (Cambridge, Massachusetts: MIT Press, 1984. Pp. xxi + 353. $60.75 cloth; $16.95 paper.) |
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Journal of Applied Econometrics,
Volume 3,
Issue 1,
1988,
Page 83-85
Giancarlo Gandolfo,
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ISSN:0883-7252
DOI:10.1002/jae.3950030107
出版商:Wiley Subscription Services, Inc., A Wiley Company
年代:1988
数据来源: WILEY
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7. |
Masthead |
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Journal of Applied Econometrics,
Volume 3,
Issue 1,
1988,
Page -
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ISSN:0883-7252
DOI:10.1002/jae.3950030101
出版商:Wiley Subscription Services, Inc., A Wiley Company
年代:1988
数据来源: WILEY
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