Download or read book Economic Models Estimation and Risk Programming Essays in Honor of Gerhard Tintner written by K. A. Fox and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt: These essays in honor of Professor Gerhard Tintner are substantive contributions to three areas of econometrics, (1) economic models and applications,. (2) estimation, and (3) stochastic programming, in each of which he has labored with outstanding success. His own work has extended into multivariate analysis, the pure theory of decision-making under un certainty, and other fields which are not touched upon here for reasons of space and focus. Thus, this collection is appropriate to his interests but covers much less than their full range. Professor Tintner's contributions to econometrics through teaching, writing, editing, lecturing and consulting have been varied and inter national. We have tried to highlight them in "The Econometric Work of Gerhard Tintner" and to place them in historical perspective in "The Invisible Revolution in Economics: Emergence of a Mathematical Science. " Professor Tintner's career to date has spanned the organizational life of the Econometric Society and his contributions have been nearly coextensive with its scope. His principal books and articles up to 1968 are listed in the "Selected Bibliography. " Professor Tintner's current research involves the intricate problems of specification and application of stochastic processes to economic systems, particularly to growth, diffusion of technology, and optimal control. As always, he is moving with the econometric frontier and a portion of the frontier is moving with him. IV Two of the editors wrote dissertations under Professor Tintner's sup- vision; the third knew him as a colleague and friend.
Download or read book Financial Risk Forecasting written by Jon Danielsson and published by John Wiley & Sons. This book was released on 2011-04-20 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial Risk Forecasting is a complete introduction to practical quantitative risk management, with a focus on market risk. Derived from the authors teaching notes and years spent training practitioners in risk management techniques, it brings together the three key disciplines of finance, statistics and modeling (programming), to provide a thorough grounding in risk management techniques. Written by renowned risk expert Jon Danielsson, the book begins with an introduction to financial markets and market prices, volatility clusters, fat tails and nonlinear dependence. It then goes on to present volatility forecasting with both univatiate and multivatiate methods, discussing the various methods used by industry, with a special focus on the GARCH family of models. The evaluation of the quality of forecasts is discussed in detail. Next, the main concepts in risk and models to forecast risk are discussed, especially volatility, value-at-risk and expected shortfall. The focus is both on risk in basic assets such as stocks and foreign exchange, but also calculations of risk in bonds and options, with analytical methods such as delta-normal VaR and duration-normal VaR and Monte Carlo simulation. The book then moves on to the evaluation of risk models with methods like backtesting, followed by a discussion on stress testing. The book concludes by focussing on the forecasting of risk in very large and uncommon events with extreme value theory and considering the underlying assumptions behind almost every risk model in practical use – that risk is exogenous – and what happens when those assumptions are violated. Every method presented brings together theoretical discussion and derivation of key equations and a discussion of issues in practical implementation. Each method is implemented in both MATLAB and R, two of the most commonly used mathematical programming languages for risk forecasting with which the reader can implement the models illustrated in the book. The book includes four appendices. The first introduces basic concepts in statistics and financial time series referred to throughout the book. The second and third introduce R and MATLAB, providing a discussion of the basic implementation of the software packages. And the final looks at the concept of maximum likelihood, especially issues in implementation and testing. The book is accompanied by a website - www.financialriskforecasting.com – which features downloadable code as used in the book.
Download or read book Econometrics Routledge Revivals written by Baldev Raj and published by Routledge. This book was released on 2013-12-16 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1981, this book considers one particular area of econometrics- the linear model- where significant recent advances have been made. It considers both single and multiequation models with varying co-efficients, explains the various theories and techniques connected with these and goes on to describe the various applications of the models. Whilst the detailed explanation of the models will interest primarily econometrics specialists, the implications of the advances outlined and the applications of the models will intrest a wide range of economists.
Download or read book A Neo Keynesian Theory of Inflation and Economic Growth written by S. Fujino and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Agricultural Economics Research written by and published by . This book was released on 1976 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book What Drives China s Economy written by Qing-Ping Ma and published by Routledge. This book was released on 2019-11-26 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: The spectacular economic growth experienced by China since 1978 has often been hailed as the "China Miracle". Many economists have tried to understand the forces behind China’s phenomenal growth and the explanations can be divided into two broad schools of economic thought — one school of thought which includes Nobel Laureate Paul Krugman explains that market mechanism and deregulation led to China’s success, while the other school of thought which include Justin Yifu Lin, the former Chief Economist and Senior Vice-President of the World Bank, explains that China’s growth miracle is a unique model to itself defined by the Chinese government’s prominent role. The Chinese government has been responsible in identifying and investing in industries that have contributed to economic growth. Some economists in the latter school even claim that the China Miracle cannot be explained by mainstream economics. This book examines both schools of thought and attempts to provide a synthesis of the two schools to explain the China Miracle. It looks at the Solow-Swan growth model, the Harrod-Domar model and transaction cost theory. It provides insights into whether and how China can sustain its growth and how developing countries may replicate China’s success.
Download or read book Variable Structure Systems with Application to Economics and Biology written by R. R. Mohler and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: The proceedings of the Second US-Italy Seminar on Variable Structure Systems is published in this volume. Like the first seminar, its conception evolved from common research interests on bilinear systems at the Istituto di Automatica of Rome University and at the Electrical and Computer Engineering Department of Oregon State University. Again, the seminar was focused on variable structure systems in general. In this case, however, emphasis is given to applications in biology and economics along with theoretical investi gations which are so necessary to establish a unified theory and to motivate further developments in these applications of social significance. By bringing together the talents of social and biological scientists with those of engineers and mathematicians from throughout Italy and the United States, the seminar was intended to yield a cross-pollination of significant results and a base for more meaningful future research. The editors are encouraged by the progress, with which they hope the reader will agree, is made in this direction. No pretense is made, however, that completely satisfactory integration of theore tical results and applications has been accomplished at this time. Among the more important conclusions which have resulted from this seminar are that bilinear and more general variable structure models arise in a natural manner from basic principles for certain biological and economic processes.
Download or read book Topological Methods in Walrasian Economics written by E. Dierker and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt: In winter 71/72 I held a seminar on general equilibrium theory for a jOint group of students in mathematics and in econo mics at the university of Bonn , w.Germany1~ The economists , how ever , had a mathematical background well above the average • Most of the material treated in that seminar is described in these notes. The connection between smooth preferences and smooth demand func tions [ see Debreu (1972) ] and regular economies based on agents with smooth preferences are not presented here • Some pedagogical difficulties arose from the fact that elementary knowledge of algebraic topology is not assumed although it is helpful and indeed necessary to make some arguments precise • It is only a minor restriction , at present , that functional ana lysis is not used • But with the development of the theory more economic questions will be considered in their natural infinite dimensional setting • Economic knowledge is not required , but especially a reader without economic background will gain much by reading Debreu's classic "Theory of Value" (1959) • Although the formulation of our economic problem uses a map between Euclidean spaces only , we shall also consider ma- folds • Manifolds appear in our situation because inverse images under differentiable mappings between Euclidean spaces are very often differentiable manifolds • ( Under differentiability assump tions , for instance , the graph of the equilibrium set correspon
Download or read book The Journal of Agricultural Economics Research written by and published by . This book was released on 1990 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Handbook Of Applied Econometrics And Statistical Inference written by Aman Ullah and published by CRC Press. This book was released on 2002-01-29 with total page 754 pages. Available in PDF, EPUB and Kindle. Book excerpt: Summarizing developments and techniques in the field, this reference covers sample surveys, nonparametric analysis, hypothesis testing, time series analysis, Bayesian inference, and distribution theory for applications in statistics, economics, medicine, biology, engineering, sociology, psychology, and information technology. It supplies a geometric proof of an extended Gauss-Markov theorem, approaches for the design and implementation of sample surveys, advances in the theory of Neyman's smooth test, and methods for pre-test and biased estimation. It includes discussions ofsample size requirements for estimation in SUR models, innovative developments in nonparametric models, and more.
Download or read book Growth in Open Economies written by J.A. Hanson and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: The years following World War II have witnessed an increasing interest in the effects of growth on trade, the patterns of international specialization, and the terms of trade. On the one hand, some English economists have maintained the Ricardian tradition of diminishing returns, rising food prices and, therefore, declining British terms of trade, while,on the other hand Prebisch, Singer, and other critics have attempted to document and explain a long-run decline in the terms of trade of the underdeveloped countries. Finally, in a reaction to this concentration on a single factor as the determinant of international price movements, a group of economists, began a systematic investigation of the role of growth in trade and the terms of trade using neoclassical assumption. This study,particularly in its assumptions regarding demand, falls into the tradition of the last group. However, it extends the tradition by treating growth as a continuous process, dependent on saving out of produced income and the growth rate of population in two trading economies. Therefore, in addition to answering the comparative statics questions regarding the trends in the terms of trade, it develops the conditions which guarantee that the two economies will approach a state of unique long-run balanced growth, in which all per capita variables, as well as the terms of trade, stabilize. Moreover, these methods permit some discussion of changes in the patterns of specialization.
Download or read book Quantitative Planning and Control written by Yuji Ijiri and published by Academic Press. This book was released on 2014-06-28 with total page 377 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quantitative Planning and Control: Essays in Honor of William Wager Cooper on the Occasion of His 65th Birthday features a collection of papers prepared by students and associates of William Wager Cooper to honor him on the occasion of his sixty-fifth birthday. The book centers on the theme of Quantitative Planning and Control, the theme to which much of Professor Cooper's research effort has been devoted. The theme covers diverse fields of inquiry as reflected in the articles in this book, which are organized in four parts: (1) mathematical programming and decision models; (2) economic development and firm growth; (3) manpower planning and design; and (4) accounting and control. At the core of all of the articles in this book lies a belief that analytical approaches can help solve all managerial problems, a philosophy that is deeply rooted in Professor Cooper's thinking. This book demonstrates how this fundamental view on management can be reflected in dealing with problems in various fields of management. In particular, the book focuses on three main areas of application of this view, economic development, manpower planning, and accounting and control, along with the subject of developing tools that are necessary for solving managerial problems analytically.
Download or read book GERT Networks and the Time Oriented Evaluation of Projects written by K. Neumann and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Towards the end of the fifties methods for planning, scheduling,and control of proj ects were developed on the basis that the evolution of a project can be associated with a special weighted directed graph, called activity network. In this association, the individual activities of the project correspond to the arcs, the so-called proj ect events (beginning or termination of activities) correspond to the nodes, and the durations of the activities correspond to the weights of the respective arcs of the directed graph. 1) Contiguous arcs are assigned to activities which succeed one another immediately. The event corresponding to a node occurs exactly at the time at which all activities which are associated with the arcs leading into the node are terminated. After the occurrence of an event all those activities are be gun which correspond to the arcs emanating from the respective node. This implies especially that the evolution of the project has to be uniquely determined before hand, that every activity and every event are realized exactly once during the exe cution of the project, and that "feedback" (corresponding to cycles in the asso ciated network) is not permitted. Many projects, for example most R&D projects and projects in the area of production p 1 anni ng, do not sa ti sfy the foregoi ng res tri cti ons.
Download or read book On a General Economic Theory of Motion written by M.J.P. Magill and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Technical Bulletin written by and published by . This book was released on 1985 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Constrained Extrema Introduction to the Differentiable Case with Economic Applications written by M.A. El-Hodiri and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: These notes are the result of an interrupted sequence of seminars on optimiza tion theory with economic applications starting in 1964-1965. This is mentioned by way of explaining the uneven style that pervades them. Lately I have been using the notes for a two semester course on the subject for graduate students in economics. Except for the introductory survey, the notes are intended to provide an appetizer to more sophisticated aspects of optimization theory and economic theory. The notes are divided into three parts. Part I collects most of the results on constrained extremf! of differentiable functionals on finite and not so finite dimensional spaces. It is to be used as a reference and as a place to find credits to various authors whose ideas we report. Part II is concerned with finite dimensional problems and is written in detail. Needless to say, my contributions are marginal. The economic examples are well known and are presented by way of illustrating the theory. Part III is devoted to variational problems leading to a discussion of some optimal control problems. There is a vast amount of literature on these problems and I tried to limit my intrusions to explaining some of the obvious steps that are usually left out. I have borrowed heavily from Akhiezer [ 1], Berkovitz [ 7], Bliss [lOJ and Pars [40J. The economic applications represent some of my work and are presented in the spirit of illustration.
Download or read book Examining Intertemporal Export Elasticities for Wheat Corn and Soybeans written by Roger K. Conway and published by . This book was released on 1985 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
