Contributions to Econometric Theory and Application

Essays in Honour of A.L. Nagar

  • R. A. L. Carter
  • J. Dutta
  • A. Ullah

About this book

Introduction

The purpose of this volume is to honour a pioneer in the field of econometrics, A. L. Nagar, on the occasion of his sixtieth birthday. Fourteen econometricians from six countries on four continents have contributed to this project. One of us was his teacher, some of us were his students, many of us were his colleagues, all of us are his friends. Our volume opens with a paper by L. R. Klein which discusses the meaning and role of exogenous variables in struc­ tural and vector-autoregressive econometric models. Several examples from recent macroeconomic history are presented and the notion of Granger-causality is discussed. This is followed by two papers dealing with an issue of considerable relevance to developing countries, such as India; the measurement of the inequality in the distribution of income. The paper by C. T. West and H. Theil deals with the problem of measuring inequality of all components of total income vvithin a region, rather than just labour income. It applies its results to the regions of the United States. The second paper in this group, by N. Kakwani, derives the large-sample distributions of several popular inequality measures, thus providing a method for drawing large-sample inferences about the differences in inequality between regions. The techniques are applied to the regions of Cote d'Ivoire. The next group of papers is devoted to econometric theory in the context of the dynamic, simultaneous, linear equations model. The first, by P. J.

Keywords

USA developing countries development distribution econometrics economic history economics forecasting inequality integration labour macroeconomics regression value-at-risk

Editors and affiliations

  • R. A. L. Carter
    • 1
  • J. Dutta
    • 2
  • A. Ullah
    • 1
  1. 1.Department of EconomicsThe University of Western OntarioLondonCanada
  2. 2.Barnard CollegeColumbia UniversityNew YorkUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-4613-9016-9
  • Copyright Information Springer-Verlag New York 1990
  • Publisher Name Springer, New York, NY
  • eBook Packages Springer Book Archive
  • Print ISBN 978-1-4613-9018-3
  • Online ISBN 978-1-4613-9016-9
  • About this book