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Dynamic Models-1

Chapter
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Part of the Advanced Studies in Theoretical and Applied Econometrics book series (ASTA, volume 16)

Abstract

Dynamic models are characterized by the fact that their relations contain variables which belong to different points in time. It is thought that in order to model how the data is generated, time lags must generally be included in the relations of an economic model. Each relation incorporates a lag distribution function which describes how the lagged independent variable affects the dependent variable over time.

Keywords

Exogenous Variable Endogenous Variable Econometric Model Bivariate Case Identification Regime 
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 Dordrecht 1989

Authors and Affiliations

  1. 1.University of ZaragozaSpain

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