Dynamic Economic Models in Discrete Time - Theory and Empirical Applications

This new book will be welcomed by econometricians and students of econometrics everywhere. Introducing discrete time modelling techniques and bridging the gap between economics and econometric literature, this ambitious book is sure to be an invaluable resource for all those to whom the terms unit roots, cointegration and error correction forms, chaos theory and random walks are recognisable if not yet fully understood.

List of contents

1. Introduction 2. First Order Difference Equations 3. Second Order Difference Equations 4. Higher Order and Systems of Difference Equations 5. Intertemporal Optimization 6. Nonlinear Difference Equations 7. Empirical Analysis of Economic Dynamics

About the author

Brian S. Ferguson is Associate Professor of Economics at the University of Guelph, Canada.

G.C. Lim is Associate Professor of Economics at Melbourne University, Australia.

Summary

Primarily of interest to upper level students carrying out economic modelling, this book bridges a gap between economics and econometric literature by introducing and developing the techniques of discrete time modelling.

Product details

• Authors: Brian Ferguson, Guay Lim
• Publisher: Taylor and Francis
• Languages: English
• Product format: Hardback
• Released: 10.07.2003
• EAN: 9780415288996
• ISBN: 978-0-415-28899-6
• No. of pages: 176
• Weight: 385 g
• Subjects: Social sciences, law, business > Business > General, dictionaries; Business & Economics / General, BUSINESS & ECONOMICS / Economics / General, BUSINESS & ECONOMICS / Economics / Theory, BUSINESS & ECONOMICS / Econometrics, Econometrics, Econometrics and economic statistics