The Econometrics of Disequilibrium Models: (Contributions in Economics and Economic History)

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9780313268984: The Econometrics of Disequilibrium Models: (Contributions in Economics and Economic History)

This clearly written volume provides an accessible examination of the nature of disequilibrium models. Srivastava and Rao contend that existing software packages can be easily used to implement some of the relatively simple methods. This study furnishes a substantial grounding in the economics and econometrics of the disequilibrium models by reviewing the Walrasian general equilibrium theory and by comparing the two genuine alternative frameworks for analyzing economic phenomena. Srivastava and Rao demonstrate that while both frameworks share a common set of basic assumptions about the behavior of the economic decision making units, they differ in their assumptions about the ability of the markets to attain equilibrium within a single trading period and whether trading can take place out of equilibrium.

The first two chapters provide background, divide the existing methods of estimation of disequilibrium models into two categories, and explain the estimation methods for the basic model that belongs to the first category. The next three chapters explain the estimation methods for the directional, quantitative, and generalized stochastic models of the second category. Various methods for testing and evaluating equilibrium versus disequilibrium hypotheses are investigated in chapter six. Chapter seven examines the assumptions on which the models are formulated and discusses some alternative specifications of the disequilibrium models. The final chapters provide analyses of the economics and econometrics of the multi-market models and illustrate how some simple estimation methods can be used to estimate the disequilibrium formulations of the U. S. labor market. This is an important volume that will aid in the achievement of methodological consistency between analytical philosophy and the estimation methods in the applied work on disequilibrium economics.

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Book Description:

This work is an accessible examination of the nature of various estimation methods written for those who have limited knowledge of economic theory. Some of the relatively simple methods can be implemented by using existing software packages. It reviews the Walrasian general equilibrium theory, compares the two genuine alternative frameworks for analyzing economic phenomena, and aids in establishing a necessary methodological consistency between analytical philosophy and the estimation methods in applied work on disequilibrium economics.

About the Author:

V. K. SRIVASTAVA is Professor in the Department of Statistics at Lucknow University. He is a Fellow of the National Academy of Sciences, and is a life member of the Academy and the Indian Econometric Society. He has published more than 100 articles on statistical inference in econometrics in journals of international repute. In addition, he is the coauthor of Seemingly Unrelated Regression Equation Models: Estimation and Inference (1987).

B. BHASKARA RAO is Senior Lecturer in Economics at the University of New South Wales, Australia. He has published research papers in the Australian Economic Papers, The Review of Economics and Statistics, and the Journal of Macroeconomics, among others.

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B. Rao, V. K. Srivastava
Editore: Praeger (1990)
ISBN 10: 0313268983 ISBN 13: 9780313268984
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Descrizione libro Praeger, 1990. Hardcover. Condizione libro: New. Codice libro della libreria DADAX0313268983

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B. Rao
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Descrizione libro ABC-CLIO, 1990. HRD. Condizione libro: New. New Book.Shipped from US within 10 to 14 business days.THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Codice libro della libreria IP-9780313268984

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Srivastava, Vijay Kumar Lal
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Descrizione libro ABC-CLIO, 1990. HRD. Condizione libro: New. New Book. Delivered from our US warehouse in 10 to 14 business days. THIS BOOK IS PRINTED ON DEMAND.Established seller since 2000. Codice libro della libreria IP-9780313268984

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Descrizione libro Condizione libro: New. This item is Print on Demand - Depending on your location, this item may ship from the US or UK. Codice libro della libreria POD_9780313268984

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Srivastava, Vijay Kumar Lal
Editore: Greenwood Press (2016)
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Descrizione libro Greenwood Press, 2016. Paperback. Condizione libro: New. PRINT ON DEMAND Book; New; Publication Year 2016; Not Signed; Fast Shipping from the UK. No. book. Codice libro della libreria ria9780313268984_lsuk

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B. Rao, V. K. Srivastava
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Descrizione libro ABC-CLIO, United States, 1990. Hardback. Condizione libro: New. New.. Language: English . Brand New Book ***** Print on Demand *****.This clearly written volume provides an accessible examination of the nature of disequilibrium models. Srivastava and Rao contend that existing software packages can be easily used to implement some of the relatively simple methods. This study furnishes a substantial grounding in the economics and econometrics of the disequilibrium models by reviewing the Walrasian general equilibrium theory and by comparing the two genuine alternative frameworks for analyzing economic phenomena. Srivastava and Rao demonstrate that while both frameworks share a common set of basic assumptions about the behavior of the economic decision making units, they differ in their assumptions about the ability of the markets to attain equilibrium within a single trading period and whether trading can take place out of equilibrium. The first two chapters provide background, divide the existing methods of estimation of disequilibrium models into two categories, and explain the estimation methods for the basic model that belongs to the first category. The next three chapters explain the estimation methods for the directional, quantitative, and generalized stochastic models of the second category.Various methods for testing and evaluating equilibrium versus disequilibrium hypotheses are investigated in chapter six. Chapter seven examines the assumptions on which the models are formulated and discusses some alternative specifications of the disequilibrium models. The final chapters provide analyses of the economics and econometrics of the multi-market models and illustrate how some simple estimation methods can be used to estimate the disequilibrium formulations of the U. S. labor market. This is an important volume that will aid in the achievement of methodological consistency between analytical philosophy and the estimation methods in the applied work on disequilibrium economics. Codice libro della libreria APC9780313268984

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B. Rao, V. K. Srivastava
Editore: ABC-CLIO, United States (1990)
ISBN 10: 0313268983 ISBN 13: 9780313268984
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Descrizione libro ABC-CLIO, United States, 1990. Hardback. Condizione libro: New. New.. Language: English . Brand New Book ***** Print on Demand *****. This clearly written volume provides an accessible examination of the nature of disequilibrium models. Srivastava and Rao contend that existing software packages can be easily used to implement some of the relatively simple methods. This study furnishes a substantial grounding in the economics and econometrics of the disequilibrium models by reviewing the Walrasian general equilibrium theory and by comparing the two genuine alternative frameworks for analyzing economic phenomena. Srivastava and Rao demonstrate that while both frameworks share a common set of basic assumptions about the behavior of the economic decision making units, they differ in their assumptions about the ability of the markets to attain equilibrium within a single trading period and whether trading can take place out of equilibrium. The first two chapters provide background, divide the existing methods of estimation of disequilibrium models into two categories, and explain the estimation methods for the basic model that belongs to the first category. The next three chapters explain the estimation methods for the directional, quantitative, and generalized stochastic models of the second category.Various methods for testing and evaluating equilibrium versus disequilibrium hypotheses are investigated in chapter six. Chapter seven examines the assumptions on which the models are formulated and discusses some alternative specifications of the disequilibrium models. The final chapters provide analyses of the economics and econometrics of the multi-market models and illustrate how some simple estimation methods can be used to estimate the disequilibrium formulations of the U. S. labor market. This is an important volume that will aid in the achievement of methodological consistency between analytical philosophy and the estimation methods in the applied work on disequilibrium economics. Codice libro della libreria APC9780313268984

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B. Bhaskara Rao
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Descrizione libro Greenwood Press. Hardcover. Condizione libro: New. This item is printed on demand. Hardcover. 200 pages. This clearly written volume provides an accessible examination of the nature of disequilibrium models. Srivastava and Rao contend that existing software packages can be easily used to implement some of the relatively simple methods. This study furnishes a substantial grounding in the economics and econometrics of the disequilibrium models by reviewing the Walrasian general equilibrium theory and by comparing the two genuine alternative frameworks for analyzing economic phenomena. Srivastava and Rao demonstrate that while both frameworks share a common set of basic assumptions about the behavior of the economic decision making units, they differ in their assumptions about the ability of the markets to attain equilibrium within a single trading period and whether trading can take place out of equilibrium. The first two chapters provide background, divide the existing methods of estimation of disequilibrium models into two categories, and explain the estimation methods for the basic model that belongs to the first category. The next three chapters explain the estimation methods for the directional, quantitative, and generalized stochastic models of the second category. Various methods for testing and evaluating equilibrium versus disequilibrium hypotheses are investigated in chapter six. Chapter seven examines the assumptions on which the models are formulated and discusses some alternative specifications of the disequilibrium models. The final chapters provide analyses of the economics and econometrics of the multi-market models and illustrate how some simple estimation methods can be used to estimate the disequilibrium formulations of the U. S. labor market. This is an important volume that will aid in the achievement of methodological consistency between analytical philosophy and the estimation methods in the applied work on disequilibrium economics. This item ships from La Vergne,TN. Hardcover. Codice libro della libreria 9780313268984

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Srivastava V.K. Rao B. Bhaskara
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Descrizione libro ABC-Clio, Incorporated. Condizione libro: New. pp. 200 This item is printed on Demand. Codice libro della libreria 5798466

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B. Rao; V. K. Srivastava
Editore: Praeger (1990)
ISBN 10: 0313268983 ISBN 13: 9780313268984
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Descrizione libro Praeger, 1990. Hardcover. Condizione libro: New. book. Codice libro della libreria 0313268983

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