Studies in Global Econometrics is a collection of essays on the use of cross-country data based on purchasing power parities. The two major applications are the development over time of per capital gross domestic products, (including that of their inequalities among countries and regions) and...

I: Frontiers in Forecasting and Econometric Modelling -- 1. Combinations of High and Low Frequency Data in Macroeconometric Models -- 2. Stochastic Simulation, Prediction and Validation of Nonlinear Models -- 3. An Integrated Exhaustible Resource Model of Copper Market Dynamics -- II: Trade,...

One cannot exaggerate the importance of estimating how international trade responds to changes in income and prices. But there is a tension between whether one should use models that fit the data but that contradict certain aspects of the underlying theory or models that fit the theory but...