Economic Structural Change

Name: Economic Structural Change
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 9783662068267
Price: 212.57 PLN
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Analysis and Forecasting

Autor: Peter Hackl, Anders H. Westlund

Język:

Oprawa: Miękka

Wydawca: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

Dostępność: Dostępna u dostawcy

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Structural change is a fundamental concept in economic model building. Statistics and econometrics p...

Informacje o książce

Autor

Peter Hackl, Anders H. Westlund

Język

Angielski

Oprawa

Książka - Miękka

Data wydania

2013

strony

385

EAN

9783662068267

ISBN

3662068265

Enbook ID

02182741

Wydawca

Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

Waga

681

Wymiary

170 x 244 x 22

Pełny opis

Structural change is a fundamental concept in economic model building. Statistics and econometrics provide the tools for identification of change, for estimating the onset of a change, for assessing its extent and relevance. Statistics and econometrics also have de veloped models that are suitable for picturing the data-generating process in the presence of structural change by assimilating the changes or due to the robustness to its presence. Important subjects in this context are forecasting methods. The need for such methods became obvious when, as a consequence of the oil price shock, the results of empirical analyses suddenly seemed to be much less reliable than before. Nowadays, economists agree that models with fixed structure that picture reality over longer periods are illusions. An example for less dramatic causes than the oil price shock with similarly profound effects is economic growth and its impacts on the economic system. Indeed, economic growth was a motivating concept for this volume. In 1983, the International Institute for Applied Systems Analysis (IIASA) in Laxen burg/ Austria initiated an ambitious project on "Economic Growth and Structural Change".

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