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Properties of Dynamic Simultaneous Equations Models

  • Thomas B. Fomby
  • Stanley R. Johnson
  • R. Carter Hill

Abstract

The task of modeling national economies has received much attention and considerable progress has been made. Large scale econometric models are used to make econometric forecasts, help explain the dynamic behavior of the economy and to aid economic policy decisionmaking. We examine each of these topics in this chapter.

Keywords

Forecast Error Exogenous Variable Asymptotic Distribution Endogenous Variable Characteristic Root 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 1984

Authors and Affiliations

  • Thomas B. Fomby
    • 1
  • Stanley R. Johnson
    • 2
  • R. Carter Hill
    • 3
  1. 1.Department of EconomicsSouthern Methodist UniversityDallasUSA
  2. 2.The Center for Agricultural and Rural DevelopmentIowa State UniversityAmesUSA
  3. 3.Department of EconomicsLouisiana State UniversityBaton RougeUSA

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