Econometrics.

Originally published in 1951, this volume reprints the classic work written by one of the leading global econometricians. Econometrics is structured as followed: Part 1 explains the relationship of Econometrics to Economics and Statistics. Part 2 outlines the process of formulating economic hypotheses mathematically and of subjecting them to a statistical test. Part 3 deals with the various component equations of the economic system - the psychic reactions, technical relations and reactions of business life and describes the process of setting up an economic model of the system as a whole. Part 4 llustrates the use of econometric methods for policy purposes.

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Year of publication:	2004 ; 1st ed.
Authors:	Tinbergen, Jan
Publisher:	Florence : Routledge
Subject:	Ökonometrie \| Econometrics \| Schätztheorie \| Estimation theory \| Zeitreihenanalyse \| Time series analysis

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Extent:	1 online resource (277 pages)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Description based on publisher supplied metadata and other sources. ECONOMETRICS; Copyright; ECONOMETRICS; Copyright; Preface; Foreword; CONTENTS; Part I. Introduction; 1. The Relationship of Econometrics to Economics and Statistics; 1. Economics; 2. Statistics; 3. Econometrics; Part II. The Working Methods Of Econometrics; 2. Mathematical Formulation; 4. The function of mathematical economics; general remarks; 5. Which variables should be included in the relation?; 6. The mathematical form of the relation; 7. The way in which the time factor appears in the relation; 8. Connection with other relations 9. Supply equation and price-fixation equation. 10. Macroeconomic investigations; 11. The description of complete systems; 12. The movements of complete systems; 13. Stable and unstable equilibria. The purpose of economic policy; 3. Statistical Testing; 14. Statistical testing; measuring phenomena; 15. Determining the components of time series; general remarks; 16. More refined methods; the trend; 17. Determining and eliminating the random component; 18. Determining the seasonal fluctuations and the business-cycle component; 19. Simple correlation 20. Possibilities of application in the economic field 21. Multiple correlation; 22. Evaluating the uncertainty of the results; 23. Simultaneous equations; 24. The use of regression analysis in econometrics; Part III.Results Of Econometric Research; 4. The Psychic Reactions; 25. Contents and subdivisions of this chapter; 26. Psychic reaction relations; Engel curves; 27. The ""propensity to consume"" and the ""multiplier""; 28. Demand curves; agricultural products; 29. Demand curves; services and industrial products; 30. The demand function for all goods taken together 31. Dynamic demand functions 32. The foundations of demand curves; indifference surfaces; 5. The Technical Relations; 33. Cost curves for separate industrial enterprises (microeconomic cost curves); 34. The production function (macroeconomic cost curves); 35. Technical development; 6. Reactions of Business Life; 36. Supply of products; 37. The demand for investment goods; 38. Substitution elasticities; 39. Reaction relations in the financial sphere; 7. The Functioning of Economic Systems; 40. Separate markets (echo principle, hog cycle, building cycle) 41. The general business-cycle movement 42. Comparative-static systems; 43. Concluding remarks; Part IV. Economic Policy; 8. The Use of Econometric Research for the Purpose of Economic Policy (An Example); 44. Object and summary of this chapter; 45. Description of the model and its alternatives.; 46. Choice of variables; boundary conditions; 47. Directives and instruments; the strategy of economic policy; 48. Isolated wage policy; consequences of the double function of wages; 49. Isolated price policy; 50. Devaluation; 51. Combined wage, price, and tax policy the ""optimum"" solution
ISBN:	978-0-203-48661-0 ; 978-0-415-32138-9
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012688413