General-to-Specific Modelling (The International Library of Critical Writings in Econometrics series) - Hardcover

Hardcover

ISBN 10: 1852786698 ISBN 13: 9781852786694

Publisher: Edward Elgar Publishing Ltd, 2005

Synopsis

Economists have long sought to develop quantitative models of economic behaviour, which blend economic theory with data evidence. Econometric modelling of economic time series has strived to achieve this by seeking to discover sustainable and interpretable relationships. This important two-volume collection focuses on a central method used in selecting such models, namely simplification of an initially general model that adequately characterizes the empirical evidence within the investigators' theoretical framework.

The volumes feature a wealth of evidence that has accrued over the last five years displaying its excellent abilities for model selection, based on Monte Carlo studies of automatic algorithms. These also throw light on several major methodological issues, and prompt many new ideas, which are discussed.

The collection will be valuable to all empirical economists and econometricians.

About this title

About the Author

Edited by Julia Campos, Professor of Econometrics, Universidad de Salamanca, Spain, Neil R. Ericsson, George Washington University, US and David F. Hendry, Professor of Economics, Fellow, Nuffield College and Chairman, Economics Department, University of Oxford, UK

Edition details

• Publisher: Edward Elgar Publishing Ltd
• Publication date: 2005
• Language: English
• ISBN 10: 1852786698
• ISBN 13: 9781852786694
• Binding: Hardcover
• Number of pages: 1424
• Editor: Campos Julia, Ericsson Neil R., Hendry David F.