[PDF] Aggregation In Economic Analysis eBook

Author : H.A. John Green
Publisher : Princeton University Press
Page : 140 pages
File Size : 14,2 MB
Release : 2015-12-08
Category : Business & Economics
ISBN : 1400876664

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Professor Green discusses the definition of consistent aggregation and the problem of grouping variables in a single equation; he deals with the aggregation of equations and the probable errors; and summarizes, with reference to the text, the considerations involved in selecting an appropriate form of aggregation. The author's survey presents a well-balanced overview and analysis of aggregation, and makes readily accessible for the first time much material otherwise difficult to obtain. Originally published in 1964. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Author : Ekkehart Schlicht
Publisher : Springer Science & Business Media
Page : 119 pages
File Size : 19,9 MB
Release : 2012-12-06
Category : Business & Economics
ISBN : 3642702988

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In order to solve a given problem, economic analysis is com pelled to concentrate on the interaction of selected factors while disregarding a multitude of other influences. This book offers a discussion of certain central premises involved here and draws some analytical consequences. The argument is fo cused on process analysis, i.e., on the analysis of economic processes within a given institutional setting, although certain corollaries for institutional analysis are patent. Many colleagues and students have helped me, for many years, to develop the views presented here, and it seems im possible to trace individual influences. Thus I can only ex press my indebtedness in a macro sense. I wish to thank the Westdeutscher Verlag for its kind per mission to use material from my Grundlagen der okonomi schen Analyse. The results of Chap. 4 were presented at the Econometric Society European Meeting in Pisa, 1983. Dr. W.A. MUller from Springer-Verlag has encouraged me to write this book and has been helpful in many ways.

Author : Kazuo Satō
Publisher :
Page : 356 pages
File Size : 39,47 MB
Release : 1975
Category : Business & Economics
ISBN :

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Economic research monograph on the economic theory of production functions and aggregation - includes a bibliography pp. 301 to 307.

Author : J. van Daal
Publisher : Springer Science & Business Media
Page : 329 pages
File Size : 18,40 MB
Release : 2012-12-06
Category : Social Science
ISBN : 9400963343

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Our interest in problems of aggregation originates from about seven years ago when we became involved in research in the field of applied microeconomics. To our astonishment a vast majority of researchers in this area took it for granted that their, mostly thoroughly derived, micro models could meaningfully be confronted with per capita data. Nany of them did not even realize - at least they gave no utterance to it - that applying macro data in micro models raises considerable problems. Those who did mention the difficulty, almost always belittled its importance. Fortunately, there are noteworthy exceptions. Thinking about aggregation raises at least two questions: "Why or why not aggregate?" and "How to aggregate and, in particular, to what degree?" General answers to these questions can only be given in uninformative wording (as many assertions in economics): one aggregates for the sake of tractability, because of the lack of (individual) data, to avoid or to reduce multicollineartiy, to save degrees of freedom; one abstains from aggregation to avoid loss of information, to avoid aggregation biases and one aggregates such and to such degree as to bypass or reduce the drawbacks mentioned above.

Author : Paul J. Wells
Publisher :
Page : 312 pages
File Size : 19,98 MB
Release : 1971
Category : Economics
ISBN :

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Basic theory; Government and full employment; The open economy.

Author : Mario Forni
Publisher : Oxford University Press
Page : 264 pages
File Size : 36,13 MB
Release : 1997
Category : Business & Economics
ISBN : 9780198288008

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Through careful methodological analysis, this book argues that modern macroeconomics has completely overlooked the aggregate nature of the data. In Part I, the authors test and reject the homogeneity assumption using disaggregate data. In Part II, they demonstrate that apart from random flukes, cointegration unidirectional Granger causality and restrictions on parameters do not survive aggregation when heterogeneity is introduced. They conclude that the claim that modern macroeconomics has solid microfoundations is unwarranted. However, some important theory-based models that do not fit aggregate data well in their representative-agent version can be reconciled with aggregate data by introducing heterogeneity.