Properties of Dynamic Simultaneous Equations Models

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


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.


Forecast Error Exogenous Variable Asymptotic Distribution Endogenous Variable Characteristic Root 
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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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