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A Disequilibrium Macroeconometric Model for the Indian Economy

A Disequilibrium Macroeconometric Model for the Indian Economy

Hardback (23 Dec 2003)

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Publisher's Synopsis

This book presents a new approach to incorporating regional details on production in a disequilibrium macroeconometric model. The early studies on disequilibrium dealt with either partial-adjustment models or models involving excess demand or supplies in markets. In this study the authors consider a different type of disequilibrium model - one in which econometric analysis makes use of the varying coefficients stochastic production frontier approach, which permits estimation and analysis of production efficiencies of individual producers. - - The book presents an innovative approach to production modelling in macroeconometric models as it provides a useful framework for incorporating production efficiencies and regional details of production in the macro models. It is a pioneering study that combines the stochastic frontier approach with macroeconometric modelling. Primarily focused on India, it also provides insights into problems in modelling economies of other developing countries. -

Book information

ISBN: 9780754634706
Publisher: Ashgate
Imprint: Ashgate
Pub date:
DEWEY: 338.9540115118
DEWEY edition: 22
Language: English
Number of pages: 217
Weight: 453g
Height: 219mm
Width: 222mm
Spine width: 19mm