The Working of Econometric Models (Hardcover)

Language: English

Published by Cambridge University Press, Cambridge, 1972

0521085020 / 9780521085021

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Hardcover. This book reports the results of five empirical studies undertaken by Professor Morishima in collaboration with Professor Y. Murata, Professor T. Nosse and Professor M. Saito. It deals with applications of the general equilibrium models whose theoretical aspects have been one of Professor Morishima's main interests for several years. It also includes Professor Saito's independent work. Four main econometric models are constructed for the USA, the UK, and Japan. These are used as a basis for the discussion of recent topics in economic theory, such as: the existence and stability or instability of the neoclassical path of full employment growth equilibrium and a von Neumann-type path of balanced growth at constant proces; the antimony between price-stability and full employment; the Samuelson-LeChatelier principle; the theory of the balanced-budget multiplier; the three Hicksian laws of the gross substitutes system; the Brown-Jones super-multipliers of international trade, and so on.In addition, a quantitative evaluation is made for the US economy of monetary and fiscal policies as short-run measures for achieving full employment; the effectiveness of built-in flexibility of taxes in the UK economy is discussed; and estimates are made of the rapid decrease in disguised unemployment in Japan after the war. This book reports the results of five empirical studies undertaken in the early seventies by a collaboration headed by Professor Morishima. It deals with applications of the general equilibrium models whose theoretical aspects have been one of Professor Morishima's main interests. This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability.

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Title
The Working of Econometric Models (Hardcover)
Author
M. Morishima
Publisher
Cambridge University Press, Cambridge
Publication year
1972
Condition
new
Binding
Hardcover
Language
English
ISBN 10
0521085020
ISBN 13
9780521085021

CitiRetail

Stevenage, United Kingdom

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AbeBooks seller since June 29, 2022

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