Inlandskapital, Auslandskapital, Kriegstribute

Bibliographic data

Monograph

Identifikator:: 861748913

URN:: urn:nbn:de:zbw-retromon-91908

Document type:: Monograph

Author:: Huber, Franz http://d-nb.info/gnd/117535699

Title:: Der gesetzgeberische Ausbau des Deutschen Reiches und seine Wirtschaftlichkeitspolitik

Place of publication:: Stuttgart

Publisher:: Krais

Year of publication:: 1906

Scope:: 1 Online-Ressource (79 Seiten)

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

386 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 25 of them raise problems of varying magnitude for structural astimation. As is well known, there are now a fairly large number of alternative estimation techniques available for such estimation. Such methods fall into classes which differ in the assumptions made or amount of information taken into account. They also have different properties. In general, a great deal is known concerning the asymptotic properties under ideal conditions of most of these estimators; rather less is known of small sample properties; and a very few results are available on their relative robustness — the relative degree to which they stand up to such things as multicollinearity, specification error, and serial correlation in the disturbances of the model. This paper begins by reviewing the known properties of the principal estimators in the context of economy-wide models. We observe that the features of such models mentioned above make the use of even the best of such estimators rather suspect in its original form, while the size of such models makes them literally unavailable when time series of lengths usually encountered are the data involved. This leads naturally to estimation using instrumental variables in some form, and the second half of the paper is devoted in one way or another to exploring the question of how appropriate instrumental vari- ables should be chosen. It is argued that this is best done through continual application of the a priori structural infor- mation which governs the formulation of the entire model in the first place, rather than through relatively arbitrary statistical devices. 1.2. Classification of Estimators For our purposes, the estimators which have been proposed for structural estimation may be divided into three classes. The first of these consists of ordinary least squares and its generali- ‘6] Fisher - pag. 2

Access restriction

Copyright

fullscreen: Inlandskapital, Auslandskapital, Kriegstribute

Monograph

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation