Estimation of stochastic input-output models: Some by S.D. Gerking

By S.D. Gerking

This monograph is a revision of my Indiana collage doctoral disserta­ tion which was once accomplished in April, 1975. thank you are, hence, as a result individuals of my doctoral committee: Saul Pleeter (Chairman), David J. Behling, R. Jeffery eco-friendly, Richard L. Pfister, and Elmus Wicker for his or her valuable reviews on past types of the manuscript. moreover, i'm indebted to the department of analysis and to the workplace of study and complicated reviews at Indiana college for monetary help. because the reader will become aware of, the options constructed in Chapters three and four of this monograph are illustrated utilizing input-output information from West Virginia. those facts have been generously made on hand by way of William H. Miernyk, Director of the local study Institute at West Virginia collage. I additionally desire to recognize the Bureau of industrial and Eco­ nomic learn at Arizona nation college for delivering study assistants, Kevin A. Nosbisch and Tom R. Rex, who aided in processing the West Virginia information. a 3rd examine assistant, Phillip M. Cano, additionally labored in this venture as a part of an self reliant research application taken below my course through the spring semester of 1975. ultimately, i have to thank Mary Holguin and Margaret Shumway who expertly typed the ultimate replica of the manuscript. regardless of the efforts of the entire contributors pointed out above, i suppose accountability for any blunders which could remain.

Show description

Read Online or Download Estimation of stochastic input-output models: Some statistical problems PDF

Similar macroeconomics books

Currency competition and foreign exchange markets

Forex festival and foreign currencies Markets is a massive new theoretical and empirical learn of overseas currencies that makes a speciality of the function the Euro (the destiny ecu foreign money) will play within the foreign financial and fiscal procedure, in addition to the U.S. greenback and the japanese yen. not like a lot of the present literature that techniques the topic from a macroeconomic viewpoint, Philipp Hartmann develops a theoretical version that makes use of video game concept, time sequence and panel econometrics, and hyperlinks monetary markets research with transaction rate economics.

Money, Crises, and Transition: Essays in Honor of Guillermo A. Calvo

Essays by way of sought after students and policymakers honor some of the most influential macroeconomists of the final thirty years, discussing the subjects in the back of his paintings.

Market Socialism or the Restoration of Capitalism? (International Council for Central and East European Studies)

The cave in of communism in jap Europe has raised a couple of questions in regards to the destiny process their economies. Has capitalism received or is whatever varied rising? Has industry socialism vanished for sturdy? How can the transitionary interval be controlled and what impact will it have at the way of life in jap Europe?

Handbook of Tourism Economics: Analysis, New Applications and Case Studies

Instruction manual of Tourism Economics: research, New purposes and Case reports presents an up to date, concise and readable insurance of crucial themes in tourism economics. It can pay realization to appropriate conventional themes in tourism economics in addition to fascinating rising subject matters during this box -- issues that are anticipated to be of constant value.

Extra resources for Estimation of stochastic input-output models: Some statistical problems

Example text

A, it should first be noted that the extreme left hand column gives the row and column index for the technical coefficient under consideration. 1. 18), are given in parentheses beneath each estimate. Column four, then, presents the minimum variance reconciled estimates together with standard errors for those technical coefficients where both 'rows only' and 'columns only' estimates were computed. 26). The values of q*, in turn, were calculated by assuming that aa a = 0 for off-diagonal technical coefficients and allowing aa r ac #0 for the r diagonal coefficients.

This modification is described in Chapter 4 in connection with the reconciliation problem. NOTES I. The term 'consistency' has been given a great many interpretations in input-output analysis. Under one interpretation. it means that the accounts for all productive units in an economic system are balanced. For a description of other interpretations, see Richard Stone, 'Consistent Projections in Multi-Sector Models,' Activity Analysis in the Theory of Growth and Planning, ed. E. Malinvaud and M. O.

In other words, owing to factors such as slips of the pen in transcribing data, the measured values for Zy(r) and ~(r) may not equal their true values. 4), ZT,}') and XT}') refer to the true, non-stochastic and unobservable intersectoral purchases and total output of the rlh firm in sector j. On the other hand, Z/) and ~(r) denote the measured or observable counterparts to ZTy(r) andXT;(r), respectively. }') and w}') are measurement errors. d. with zero mean for all r. 9) 24 INPUT-OUTPUT AS A SIMPLE ECONOMETRIC MODEL Since apart from a constant of proportionality, II; II!

Download PDF sample

Rated 4.85 of 5 – based on 46 votes