Fundamental Principles of Time Series Econometrics Volume II: Theory and Applications

Mohamed Mukras

ISBN 10: 3659271411 / ISBN 13: 9783659271410

Published by LAP LAMBERT Academic Publishing, 2012

About this Item

460 pages. 8.66x5.91x1.04 inches. In Stock.

Seller Inventory # 3659271411

Bibliographic Details

• Title: Fundamental Principles of Time Series Econometrics Volume II: Theory and Applications
• Publisher: LAP LAMBERT Academic Publishing
• Publication Date: 2012
• Language: English
• ISBN 10: 3659271411
• ISBN 13: 9783659271410
• Binding: Paperback
• Condition: Brand New

About this title

Synopsis

The theme that forms the center of discussions in this piece of work is Time Series Econometrics. The subject of time series econometrics views the real world economy as a dynamic and interrelated phenomenon characterized with declining, steady or some times explosive time path. In some instances, the time path can be irregular and chaotic in nature. Taking such a view has the implication that the effect of any shock in some sector of the economy will not only simmer into other sectors, but that the shock will persist into the future, with its impact assuming any one of the time paths listed above. It is against the background of this dynamic nature of phenomena in the real economy that we can be able to understand the principal task of time series econometrics. The principal task of time series econometrics is to model economic phenomena, collect time series data corresponding to such models, estimate the model, establish the statistical, the econometric and the economic reliability of the estimated model and thereafter apply such an estimated model for one or more of the following: diverse simulations for policy making; economic forecasting

About the Author

M.S. Mukras is a Professor of economics. He obtained his PhD. and MA in economics at the University of Toronto, Canada, after earning his BPhil in economics at the University of Nairobi in Kenya and BA at the University of Dar-es-Salaam in Tanzania. He taught economics at the University of Nairobi, for 17 years, the University of Botswana, Botswana