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Download Contributions to Econometric Theory and Application: Essays by L. R. Klein (auth.), R. A. L. Carter, J. Dutta, A. Ullah PDF

By L. R. Klein (auth.), R. A. L. Carter, J. Dutta, A. Ullah (eds.)

The objective of this quantity is to honour a pioneer within the box of econometrics, A. L. Nagar, at the party of his 60th birthday. Fourteen econometricians from six nations on 4 continents have contributed to this venture. considered one of us used to be his instructor, a few of us have been his scholars, many people have been his colleagues, we all are his neighbors. Our quantity opens with a paper via L. R. Klein which discusses the that means and position of exogenous variables in struc­ tural and vector-autoregressive econometric versions. a number of examples from fresh macroeconomic historical past are provided and the concept of Granger-causality is mentioned. this can be through papers facing a topic of substantial relevance to constructing nations, equivalent to India; the size of the inequality within the distribution of source of revenue. The paper through C. T. West and H. Theil offers with the matter of measuring inequality of all elements of overall source of revenue vvithin a quarter, instead of simply labour source of revenue. It applies its effects to the areas of the USA. the second one paper during this crew, by way of N. Kakwani, derives the large-sample distributions of a number of well known inequality measures, hence offering a mode for drawing large-sample inferences concerning the alterations in inequality among areas. The ideas are utilized to the areas of Cote d'Ivoire. the following team of papers is dedicated to econometric concept within the context of the dynamic, simultaneous, linear equations version. the 1st, via P. J.

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S. , E. E. Lampard, R. F. Muth [1960], Regions, Resources, and Economic Growth, Baltimore: Johns Hopkins Press. Persky, J. J. and M. S. Tam [1985], The Optimal Convergence of Regional Incomes, Journal of Regional Science, 25, 337351. Rao, V. M. [1969], Two Decompositions of Concentration Ratio, Journal of the Royal Statistical Society, 132,418-425. Shorrocks, A. F. [1980], The Class of Additively Decomposable Inequality Measures, Econometrica, 48, 613-625. _ _ [1982], Inequality Decomposition by Factor Components, Econometrica, 50, 193-211.

Although there are, if restrictions are imposed. These restrictions are closely associated with the classification of variables in the exogenous or endogenous category. They come, to a large extent, by bringing economic theory to bear on system specification, something that is missing in the empirical time series approach to testing for causality. that implies a bivariate relationship between y it with its own lags and those of Xk t. This is a very special case in which the two approaches (time series analysis and structural model analysis) converge, but does not provide a general concept.

Easterlin, Population Redistribution and Economic Growth, United States, 1870-1950, Philadelphia: The American Philosphical Society. Fei, J. C. , G. Ranis and S. W. Y. Kuo [1978], Growth and the Family Distribution of Income by Factor Components, Quarterly Journal of Economics, 92, 17-53. Fields, G. S. [1979], Income Inequality in Urban Colombia: A Decomposition Analysis, Review of Income and Wealth, 25, 327-341. 47 Garofalo, G. S. Fogarty [1979], Urban Income Distribution and the Urban Hierarchy-Equality Hypothesis, The Review of Economics and Statistics, 61,381-388.

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