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Author Basu, Dipak R
Title Economic Models : Methods, Theory and Applications
Imprint Singapore : World Scientific Publishing Company, 2009
©2009
book jacket
Descript 1 online resource (248 pages)
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Note Contents -- Tom Oskar Martin Kronsjo: A Profile -- About the Editor -- Contributors -- Introduction -- Chapter 1: Methods of Modelling: Mathematical Programming -- Topic 1: Some Unresolved Problems of Mathematical Programming by Olav Bjerkholt -- 1. Introduction -- 2. Linear Programming in Economics -- 3. Frisch and Programming, Pre-War Attempts -- 4. Frisch and Linear Programming -- 5. Frisch's Radar: An Anticipation of Karmarkar's Result -- References -- Chapter 2: Methods of Modeling: Econometrics and Adaptive Control System -- Topic 1: A Novel Method of Estimation Under Co-Integration by Alexis Lazaridis -- 1. Introduction -- 2. Some Estimation Remarks -- 3. The Singular Value Decomposition -- 4. Computing the Co-Integrating Vectors -- 5. Case Study 1: Comparing Co-Integrating Vectors -- 5.1. Testing for Co-integration -- 6. Case Study 2: Further Evidence Regarding the Minimum Variance Property -- 6.1. A Note on Integration -- 7. Case Study 3: How to Obtain Reliable Results Regarding the Order of Integration? -- 8. Conclusion -- References -- Topic 2: Time Varying Responses of Output to Monetary and Fiscal Policy by Dipak R. Basu and Alexis Lazaridis -- 1. Introduction -- 2. The Method of Adaptive Optimization -- 2.1. Updating Method of Reduced-Form Coefficients and Their Co-Variance Matrices -- 3. Monetary-Fiscal Policy Model -- 3.1. Absorption Function and National Income -- 3.2. Monetary Sector -- 3.3. Price and Interest Rate -- 3.4. Balance of Payments -- 3.5. Stability of the Model -- 4. Policy Analysis -- 5. Conclusion -- References -- Appendix A -- Appendix B -- Chapter 3: Mathematical Modeling in Macroeconomics -- Topic 1: The Advantages of Fiscal Leadership in an Economy with Independent Monetary Policies by Andrew Hughes Hallet -- 1. Introduction -- 2. The Fiscal Leadership Hypothesis
3. Institutional Evidence: The Treasury's Mandate -- 3.1. History -- 3.2. Current Practice -- 4. Empirical Evidence -- 4.1. Monetary Responses -- 4.2. Different Types of Leadership -- 4.3. Observed Behavior -- 4.4. Fiscal Reaction Functions in the UK and Eurozone -- 5. Theoretical Evidence: A Model of Fiscal Leadership -- 5.1. The Economic Model and Policy Constraints -- 5.2. An Alternative Interpretation -- 5.3. Government and Central Bank Objectives -- 5.4. Institutional Design and Policy Choices -- 5.4.1. Stage 1 -- 5.4.2. Stage 2 -- 5.5. The Gains from Fiscal Leadership -- 6. The Co-Ordination Effect -- 6.1. Empirical Evidence -- 7. Conclusions -- References -- Appendix A: Data Sources for Table 3 -- Appendix B: Derivation of the Change in Fiscal Stance Between Regimes -- Topic 2: Cheap-Talk Multiple Equilibria and Pareto ― Improvement in an Environmental Taxation Games 101 by Chirstophe Deissenberg and Pavel Sevcik -- 1. Introduction -- 2. The Model -- 2.1. The Firms, Bs and NBs -- 2.2. The Regulator, R -- 2.3. Dynamics -- 3. The Sequential Nash Game -- 3.1. Derivation of the Solution -- 3.2. Some Properties of the Solution -- 4. The Dynamic Optimization Problem -- 4.1. Formulation -- 4.2. Numerical Results -- 4.3. Multiple Equilibria -- 4.3.1. Phase Diagram -- 5. Sensitivity Analysis and Bifurcations Towards a Unique Equilibrium -- 6. Conclusion -- References -- Chapter 4: Modeling Business Organization -- Topic 1: Enterprise Modeling and Integration: Review and New Directions by Nikitas Spiros Koutsoukis -- 1. Introduction -- 2. Model and Enterprise Terminology -- 3. Enterprise Modeling -- 4. Enterprise Integration -- 5. A Framework Setting for EI Modeling -- 6. Discussion -- 7. Epilogue -- References -- Topic 2: Toward a Theory of Japanese Organizational Culture and Corporate Performance by Victoria Miroshnik -- 1. Introduction
2. Corporate Performance, the Highest Stage of National and Organizational Culture: A Synthesis -- 3. Japanese National and Organizational Culture -- 3.1. Japanese OC -- 4. A Nation-Organization-Leader-Performance Model -- 5. Discussion -- 6. Conclusion -- References -- Topic 3: Health Service Management Using Goal Programming by Anna-Maria Mouza -- 1. Introduction -- 2. The Details of the Private Clinic in Relation to the Five-Year Plan -- 3. The Nature of the Problem -- 3.1. Specification of the Problem Decision Variables -- 3.2. Formulation of the Constraints (Goals) -- 3.2.1. Personnel Employed -- 3.2.2. Personnel Claims for Salary Increase -- 3.2.3. Complete Utilization of Personnel Capacity in Terms of Working Hours -- 3.2.4. Patient expenses -- 3.2.5. Other Expected Expenses -- 3.2.6. Total Expenses -- 3.2.7. Total Gross Profit -- 3.3. Priority of the goals - The objective function -- 4. Initial Results -- 5. Imposition of a New Constraint -- 5.1. Second-Run Results -- 6. Some Alternatives -- 7. Final Results -- 8. Conclusions -- References -- Chapter 5: Modeling National Economies -- Topic 1: Inflation Control in Central and Eastern European Countries by Fabrizio Iacone and Renzo Orsi -- 1. Introduction -- 2. Inflation Control over 1989-2004 -- 2.1. Transition, Integration, and Accession -- 2.2. Exchange Rate and Direct Inflation Targeting -- 2.3. A Summary of the Results of Previous Analyses -- 2.4. A Structural Model for Monetary Policy -- 3. The Empirical Evidence -- 3.1. Germany -- 3.2. Poland -- 3.3. Czech Republic -- 3.4. Slovenia -- 3.5. Some Concluding Remarks -- References -- Appendix A Summary of the Results -- Topic 2: Credit and Income: Co-Integration Dynamics of the US Economy by Athanasios Athanasenas -- 1. Introduction -- 2. The Credit Issue Researched: A Brief Note on the US Economy -- 3. Methodological Issues and Data
4. Co-Integration -- 4.1. The VAR Model and The Equivalent ECVAR -- 4.2. Dynamic System Stability -- 4.3. The Estimated Co-Integrating Vectors -- 4.4. Essential Remarks -- 4.5. The ECM Formulation -- 4.6. Dynamic Forecasting with an ECVAR -- 5. Conclusions and Implications -- References -- Index
Key Features:Covers most of the important areas of economics with a basic analytical framework to formulate a logical structureSuggests and implements methods to quantify the structure to derive applicable policiesDevelops stylized facts amenable to analytical methods to solve global problemsSuitable for anyone who is interested to make use of economics as a useful discipline to enhance human welfare rather than being a sterile discourse, devoid of reality
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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries
Link Print version: Basu, Dipak R Economic Models: Methods, Theory And Applications Singapore : World Scientific Publishing Company,c2009 9789812836458
Subject Economics -- Mathematical models.;Econometric models
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