The Cambridge multisectoral dynamic model of the British economy

Bibliographic Information

The Cambridge multisectoral dynamic model of the British economy

edited by Terry Barker and William Peterson

(Cambridge studies in applied econometrics, no. 5)

Cambridge University Press, 1987

Available at  / 48 libraries

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Note

Bibliography: p. 473-497

Includes indexes

Description and Table of Contents

Description

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.

Table of Contents

  • List of tables
  • List of figures
  • Foreword
  • Preface
  • Conventions
  • 1. Introduction Terry Barker
  • Part I. The Model as a System: 2. Theory and method Terry Barker and William Peterson
  • 3. The accounting framework and the data Terry Barker and Martin Weale
  • 4. The complete model Terry Barker
  • 5. Estimation William Peterson
  • 6. Computer software for a large econometric model William Peterson
  • Part II. Different Economic Sectors of the Model: 7. Consumers' expenditure Vani Borooah
  • 8. Fixed investment William Peterson
  • 9. Stockbuilding Michael Landesmann
  • 10. Exports and imports Terry Barker
  • 11. Employment William Peterson
  • 12. The demand for energy William Peterson
  • 13. Industrial prices and profits Martin Weale
  • 14. Export and import prices Terry Barker
  • 15. Incomes policy and earnings Tony Lawson
  • 16. Social security benefits and personal income tax Don Sharpe
  • 17. The company sector Andrew Goudie, Geoffrey Meeks and Martin Weale
  • 18. Financial stocks and returns Martin Weale
  • 19. Sterling exchange rate Andrew Snell
  • Appendix
  • List of variables in MDM6
  • Bibliography
  • Index of authors
  • Index of subjects.

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