Quantitative Economics and Development

Quantitative Economics and Development
Author: L. R. Klein
Publisher: Academic Press
Total Pages: 369
Release: 2014-05-12
Genre: Business & Economics
ISBN: 1483271617

Download Quantitative Economics and Development Book in PDF, Epub and Kindle

Economic Theory, Econometrics, and Mathematical Economics: Quantitative Economics and Development: Essays in Memory of Ta-Chung Liu focuses on the advancements in the methodologies and processes in the field of quantitative economics. The selection first offers information on society, politics, and economic development, global stability of stochastic economic processes, and the design of mechanisms for the efficient allocation of public goods. Discussions focus on the design of individually incentive compatible mechanisms in an abstract setting, design problem under coalition formation, stability results for the economic models, invariant measures for diffusions, and disjoint principal-components method. The text then takes a look at critical observations on the labor theory of value and Sraffa's Standard Commodity and a generalization of Hotelling's solution. The manuscript examines an exploratory policy-oriented econometric model of a metropolitan area and the effect of simple specification error on the coefficients of "unaffected" variables, including distinctive features of the model and individual sectoral models. Temporal aggregation and econometric models; uniqueness of the representation of commodity-augmenting technical change; and technological change and growth performance in Taiwan agriculture are also discussed. The selection is a valuable source of data for economists and readers interested in quantitative economics.

Essays on Quantitative Macroeconomics of Default

Essays on Quantitative Macroeconomics of Default
Author: Masaki Higurashi
Publisher:
Total Pages: 142
Release: 2012
Genre: Economics
ISBN:

Download Essays on Quantitative Macroeconomics of Default Book in PDF, Epub and Kindle

This dissertation consists of two essays, which study agents' default under dynamic stochastic general equilibrium models with heterogenous agents and financial intermediaries who charge a risk premium corresponding to the agent's default risk. We use computational tools to address the economic issues quantitatively in both chapters.