A Disequilibrium Macroeconometric Model for the Indian Economy

Kaliappa Kalirajan

Published by Routledge, 2017
ISBN 10: 1138709883 / ISBN 13: 9781138709881
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Synopsis: This title was first published in 2003. This text 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 also presents an innovative approach to production modelling in macro econometric 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 macro econometric modelling. Primarily focused on India, it also provides insights into problems in modelling economies of other developing countries.

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Title: A Disequilibrium Macroeconometric Model for ...
Publisher: Routledge
Publication Date: 2017
Binding: Hardcover
Book Condition: Good
Edition: 1.

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Kaliappa Kalirajan, Shashanka Bhide
Published by Routledge 2017-06-28 (2017)
ISBN 10: 1138709883 ISBN 13: 9781138709881
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KALIRAJAN, KALIAPPA; BHIDE, SHASHANKA
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Book Description Routledge, 2017. Hardback. Condition: NEW. 9781138709881 This listing is a new book, a title currently in-print which we order directly and immediately from the publisher. For all enquiries, please contact Herb Tandree Philosophy Books directly - customer service is our primary goal. Seller Inventory # HTANDREE01419296

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Published by Taylor & Francis (2017)
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