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The Cambridge Multisectoral Dynamic Model (Hardcover, New)
Loot Price: R3,996
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The Cambridge Multisectoral Dynamic Model (Hardcover, New)
Series: Cambridge Studies in Applied Econometrics
Expected to ship within 12 - 17 working days
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This 1998 book presents the econometric analysis of single-equation
and simultaneous-equation models in which the jointly dependent
variables can be continuous, categorical, or truncated. Despite the
traditional emphasis on continuous variables in econometrics, many
of the economic variables encountered in practice are categorical
(those for which a suitable category can be found but where no
actual measurement exists) or truncated (those that can be observed
only in certain range). Such variables are involved, for example,
in models of occupational choice, choice of tenture in housing, and
choice of type of schooling. Models with regulated prices and
rationing and models for program evaluation also represent areas of
application for the techniques presented by the author.
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