Economics, Econometrics And The Link

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Overview

Economics, Econometrics and The LINK is a collection of scholarly contributions by leading scholars from the U.S., Europe, and Asia dealing with issues of economics and econometrics. The book contains a learned and erudite exposition of macroeconomics and macroeconomic modeling including national, sectoral, issues exchange rate, environment, international price competitiveness and international linkages. It presents a comprehensive perspective of econometric modeling - country-specific, sector-specific and issue-specific. The volume is a tribute to the work of Lawrence R. Klein from all his friends who share a common agenda, viz. to relate the study of economics to the studies of mankind.

Economics, Econometrics and The LINK is a collection of scholarly contributions by leading scholars from the U.S., Europe, and Asia dealing with issues of economics and econometrics. The book contains a learned and erudite exposition of macroeconomics and macroeconomic modeling including national, sectoral, issues exchange rate, environment, international price competitiveness and international linkages. It presents a comprehensive perspective of econometric modeling - country-specific, sector-specific and issue-specific. The volume is a tribute to the work of Lawrence R. Klein from all his friends who share a common agenda, viz. to relate the study of economics to the studies of mankind

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Product Details

  • ISBN-13: 9780444817877
  • Publisher: Emerald Group Publishing
  • Publication date: 1/1/1995
  • Series: Contributions to Economic Analysis
  • Pages: 608
  • Product dimensions: 6.14 (w) x 9.21 (h) x 1.31 (d)

Table of Contents

Preface
The Works of Lawrence R. Klein
Who Innovated the Keynesian Revolution? 3
On the Chronology of the General Theory 21
Rereading the 'Keynesian Revolution' 35
The Discussion among Future Nobel Laureates Becker, Friedman, and Klein, on Macro Models and Consumption Functions, in 1957 and 1958 45
Macroeconomics - Supra-national Macroeconomic Core 59
An Asymptotic Approximation to the Probability Density Function of the Durbin Watson Test Statistic 75
Stochastic Prediction in Dynamic Nonlinear Systems: Econometric Forecasting Applications in Models for Developing Economies 87
On the Distribution of Horse Qualities at Racetracks: An Analysis of Cournot-Nash Equilibria 103
On Asymmetry in Economic Time Series 119
An Open Economy Analysis of the Dynamic Properties of the Michigan Quarterly Econometric Model of the U.S. Economy 129
Demand Management, Real Wage Rigidity, and Unemployment 159
Macroeconometrics and Growth in the Global Economy 189
Structural Versus VAR Modeling: An Empirical Comparison with a Small Model of the United States 207
Manufacturing Industry and Balance of Payments Adjustment: The United Kingdom Case 229
The J-curve and the Indian Trade Balance: A Quantitative Perspective 253
Models of Exchange Rate Behavior: Application to the Yen and the Mark 277
Exchange Rate Unions Versus Flexible Exchange Rates: An Empirical Investigation 305
Japan's Macroeconomic Policy and Japan-US Economic Relations During the Eighties 327
Comparative Country Performance at Own-Prices or Common International Prices 345
On the Determinants of Price Competitiveness in the World Market: A Comparative Analysis of the United States, Japan and West Germany 363
An East Asian Model of Price and Variety Competition 369
Modeling the Household Economy 397
Econometrics and Environmental Policy Analysis 419
Modeling Inventory Investment and Profits in A Macro-econometric Model 441
Actual and "Normal" Inventories of Finished Goods: Qualitative and Quantitative Evidence from the Italian Manufacturing Sector 451
The Flow-of-Funds Equations of Japanese Banks 469
Modeling Transition from the Centrally Planned Economies to the Market Economies: A Case Study of Poland 495
An Analysis of the Effects of Economic Policies on Taiwan's Economic Growth and Stability 519
China's Macroeconometric Model for Project Link 543
Author Index 565
Subject Index 571
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