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An Inter-Industry Translog Model of Prices and Technical Change for the West German Economy: 221 (Lecture Notes in Economics and Mathematical Systems, 221) - Softcover
Synopsis
This book presents the results of a research project which has been carried out in the Special Research Unit (Sonderforschungs bereich) 21 at Bonn University. It is a part of the current research on disaggregated econometric forecasting models with a fully integrated input-output system with variable input co efficients where prices are explained as dual variables of the underlying production model. A similar approach has already been used by Knut KUbler "Ein disaggregiertes Prognosesystem fUr die Bundesrepublik, die Unternehmenssektoren", Meisenheim am Glan, 1977. But KUbler assumed Cobb-Douglas production functions. Mean while a new approach has been suggested by Jorgenson and others, using more flexible forms of functions, e. g. the translog function as an approximation to any reasonable neo-classical production function, see Hudson and Jorgenson "US Energy Policy and Economic Growth, 1975 - 2000", Bell Journal of Economics and Management SCience, Vol. 5 (1974), page 461 ff. ~ Jorgenson and Fraumeni, "Substitution and Technical Change in Production", Discussion paper No. 752, Harvard Institute of Economic Research, Harvard University, Cambridge/Mass. (1 980) ~ Friede, "Investigation of Producer Behavior in the FRG using the Translog Price Function", Cambrigde/Mass. (1980). Krelle and Pallaschke "A General Demand System", Zeitschrift fUr Nationalokonomie 41 (1981), page 223 ff. suggested another approximation using a Taylor expansion of any reasonable demand system. Nakamura follows the lines of Jorgenson and his collaborators but extends them into new areas and reaches much better results.
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- PublisherSpringer
- Publication date1983
- ISBN 10 3540127097
- ISBN 13 9783540127093
- BindingPaperback
- Number of pages309
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An inter-industry translog model of prices and technical change for the West German economy / Shinichiro Nakamura.-- Springer-Verlag; 1984.-- (Lecture notes in economics and mathematical systems ; 221).
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Springer-Verlag, Berlin, &c., 1984
ISBN 10: 3540127097
ISBN 13: 9783540127093
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An Inter-Industry Translog Model of Prices and Technical Change for the West German Economy (Lecture Notes in Economics and Mathematical Systems) by Nakamura, S. [Paperback ]
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