Warehouses in foreign countries for storage of merchandise in transit or in bond

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Monograph

Identifikator:: 863514456

URN:: urn:nbn:de:zbw-retromon-45340

Document type:: Monograph

Title:: Warehouses in foreign countries for storage of merchandise in transit or in bond

Place of publication:: Washington

Publisher:: Government Printing Office

Year of publication:: 1905

Scope:: 1 Online-Ressource (206 Seiten)

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Africa

Collection:: Economics Books

TOWARD A VERDICT ON MACROECONOMIC SIMULTANEOUS EQUATIONS HERMAN O.A. WOLD Universitetets Statistiska Institution - Uppsala - Sverige INTRODUCTORY [t is now 25 years since JAN TINBERGEN launched his pioneering macroeconomic models for the NETHERLANDS (1937), US (1939) and UK (1951). His approach marks a bold raise of aspirations levels, in economic thinking as well as in the statistical techniques of fact-finding and analysis, and above all in the systematic coordination of theoretical and empirical approaches. If we think of the allembracing sectors of eco- nomic life and the huge complex of static or dynamic interre- lations that the model builder sets out to master, the dimen- sions of his task bring to mind LAPLACE’s fathom who could forecast in detail the future course of events in the entire uni- verse by solving an enormous system of differential equations. It adds to the greatness of TINBERGEN’s work that large masses of economic-statistical data had gradually accumulated, that the young discipline of econometrics was in the starting holes for vigorous advances, and that it did not tarry long until his approach, now known as causal chain systems, was followed by other keen innovations, in the first line input-output analysis (LEONTIEF, 1041) and interdependent systems (HAAVELMO, 2] Wold - pag.

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