Quantitative Economics and Development: Essays in Memory of Ta-Chung LiuL. R. Klein, M. Nerlove, S. C. Tsiang Academic Press, 12. 5. 2014 - Počet stran: 368 Economic Theory, Econometrics, and Mathematical Economics: Quantitative Economics and Development: Essays in Memory of Ta-Chung Liu focuses on the advancements in the methodologies and processes in the field of quantitative economics. The selection first offers information on society, politics, and economic development, global stability of stochastic economic processes, and the design of mechanisms for the efficient allocation of public goods. Discussions focus on the design of individually incentive compatible mechanisms in an abstract setting, design problem under coalition formation, stability results for the economic models, invariant measures for diffusions, and disjoint principal-components method. The text then takes a look at critical observations on the labor theory of value and Sraffa's Standard Commodity and a generalization of Hotelling's solution. The manuscript examines an exploratory policy-oriented econometric model of a metropolitan area and the effect of simple specification error on the coefficients of "unaffected" variables, including distinctive features of the model and individual sectoral models. Temporal aggregation and econometric models; uniqueness of the representation of commodity-augmenting technical change; and technological change and growth performance in Taiwan agriculture are also discussed. The selection is a valuable source of data for economists and readers interested in quantitative economics. |
Obsah
1 | |
19 | |
Chapter 3 The Design of Mechanisms for Efficient Allocation of Public Goods | 45 |
Chapter 4 Critical Observations on the Labor Theory of Value and Sraffas Standard Commodity | 81 |
A Generalization of Hotellings
Solution | 105 |
Chapter 6 Regression When Each of Two Variables Is Dependent Some of the
Time | 115 |
Boston | 123 |
Chapter 8 The Effect of Simple Specification Error on the Coefficients of Unaffected Variables | 157 |
Chapter 9 Temporal Aggregation and Econometric Models | 165 |
An Optimal Control Approach | 225 |
Chapter 11 Notes on Income Distribution in Taiwan | 255 |
Chapter 12 On the Uniqueness of the Representation of CommodityAugmenting Technical Change | 281 |
Chapter 13 Technological Change and Growth Performance in Taiwan Agriculture 19461975 | 291 |
Chapter 14 Exchange Rate Interest Rate and Economic Development | 309 |
References | 345 |
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aggregate agricultural allocation analysis assumed assumption average Bank of Taiwan banks Boston capital coalition coefficients column commodity component demand denotes devaluation diffusion distribution econometric model Economic effect elasticity employment equation errors estimated exchange rate exogenous exports factor forecasting groups growth households impact imports Increase Reduction industry inflation inputs interest rate investment likelihood function linear Markov process matrix measure million monetary money market money supply monthly and quarterly monthly model multipliers Nash equilibrium null space observations optimal solution Pareto optimality personal income probability measure problem production function profit rate pure labor theory quarter quarterly model ratio Reduction Increase regression Reserves Rate Income restrictions savings deposits Section sector shares simulation Sraffa's Statistics stochastic Table Taiwan Taiwan Province target variables tax functions Theorem theory of value trade U.S. dollar unborrowed reserves wage rate workers