Quantitative economics and development: essays in memory of Ta-Chung Liu
Gespeichert in:
| Format: | Buch |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
New York u.a.
Academic Press
1980
|
| Schriftenreihe: | Economic theory, econometrics, and mathematical economics
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Festschrift Ta-Chung Liu |
| Beschreibung: | XIX, 346 S. graph. Darst. |
| ISBN: | 0124133509 |
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Datensatz im Suchindex
| _version_ | 1810989212605874176 |
|---|---|
| adam_text |
Quantitative Economics
and Development
Essays in Memory of Ta-Chung Liu
Edited by
L. R. KLEIN
Department of Economics
University of Pennsylvania
Philadelphia, Pennsylvania
M. NERLOVE
Department of Economics
Northwestern University
Evanston, Illinois
S. C. TSIANG
Department of Economics
Cornell University
Ithaca, New York
1980
ACADEMIC PRESS
A Subsidiary of Harcourt Brace Jovanovich, Publishers
New York London Toronto Sydney San Francisco
Contents
List of Contributors ix
Preface xi
Ta-Chung Liu, 1914-1975 xiii
Publications of Ta-Chung Liu xvii
Society, Politics, and Economic Development Revisited
I. ADELMAN, CYNTHIA TAFT MORRIS, AND SVANTE WOLD
Disjoint Principal-Components Method 2
Statistical Results 5
Principal-Components Analysis within Groups 7
Conclusion 17
References 17
On Global Stability of Some Stochastic Economic Processes:
A Synthesis
R. N. BHATTACHARYA AND M. K. MAJUMDAR
1. Introduction 19
11. Basic Definitions 20
III. Some Economic Examples 24
IV. Invariant Measures for Diffusions 27
V. Stability Results for the Economic Models 38
References 42
The Design of Mechanisms for Efficient Allocation
of Public Goods
WILLIAM A. BROCK
I. Introduction 45
11. A Simple Method 48
III. The Design Problem under Coalition Formation 51
IV. Examples of Quadratic Incentive Design Using (3.3) and (3.4) 58
VI CONTENTS
V. Externalities in Consumption 61
VI. The Design of Individually Incentive Compatible Mechanisms
in an Abstract Setting 66
VII. The Design of Mechanisms for Efficient Accumulation
of Public Capital 73
VIII. Suggestions for Further Research and Summary 78
References 79
Critical Observations on the Labor Theory of Value
and Sraffa's Standard Commodity
EDWIN BURMEISTER
I. Introduction 81
II. A Single Leontief-Sraffa Technique of Production 82
III. A Pure Labor Theory of Value at Positive Profit Rates 83
IV. Necessary and Sufficient Conditions for a Pure Labor Theory
of Value in a Leonteif-Sraffa Technology 84
V. Sraffa's Standard Commodity 88
VI. Sraffa's "Real Wage" Measure and the Constant-Returns-
to-Scale Assumption 92
VII. A Pure Labor Theory of Neoclassical Production Functions 94
VIII. Simultaneous Validity of the Pure Labor Theory
and the Neoclassical Parable 96
IX. A Few Fundamental Objections 100
References 102
The Selection of Variables for Use in Prediction
GREGORY C. CHOW
I. The Problem 105
II. Hotelling's Solution 106
III. A Geometric Interpretation of Hotelling's Solution 106
IV. Solution for Two Sets of Fixed Variates 108
V. Solution for Many Sets of Fixed Variates 112
VI. The Multivariate Case 112
VII. Concluding Remarks 113
References 114
Regression When Each of Two Variables Is Dependent
Some of the Time
CARL F. CHRIST
I. Introduction and Summary 115
II. The Estimating Equation for ft in a Simple Regression 117
III. The Estimating Equation for ft in a Multiple Regression 119
IV. The Estimator of ft 120
V. Generalization to a Simultaneous Equation Model 121
CONTENTS VII
An Exploratory Policy-Oriented Econometric Model
of a Metropolitan Area: Boston
ROBERT F. ENGLE
I. Introduction 123
II. Distinctive Features of the Model 124
III. Individual Sectoral Models 129
IV. Simulations 146
V. Conclusion 154
Appendix: Variable Names 154
References 156
The Effect of Simple Specification Error on the Coefficients
of "Unaffected" Variables 157
FRANKLIN M. FISHER
References 163
Temporal Aggregation and Econometric Models
GARY FROMM AND E. C. HWA
1. Introduction 165
II. Time Aggregation and Structural Specification 167
III. Time Aggregation of Forecasting Errors 169
IV. Time Aggregation and Linear Regression 171
V. Effects of Measurement Errors 174
VI. Empirical Tests 176
VII. Error Analysis 191
VIII. Policy Responsiveness 195
IX. Conclusion 221
Appendix 222
References 223
Recent Economic Fluctuations and Stabilization Policies:
An Optimal Control Approach
LAWRENCE R. KLEIN AND VINCENT SU
I. Introduction and Summary 225
II. Experimental Design 229
III. Dynamic Multiplier 233
IV. The Optimal Control Solutions 239
V. A Final Correction 245
VI. An Algorithmic Variation 252
References 254
Vlll CONTENTS
Notes on Income Distribution in Taiwan
SIMON KUZNETS
I. Introduction 255
II. Changes to Income Distribution, 1964-1975 258
III. Distribution among Groups by Occupation of Household
Head, 1964-1975 264
IV. Differences in Per Worker Product between A and Non- ) Sectors,
and Disparities in Per Person Income between Farmer
and Nonfarmer Households 273
V. Concluding Comments 278
References 280
On the Uniqueness of the Representation of Commodity-
Augmenting Technical Change
LAWRENCE J. LAU
I. Introduction 281
II. Statement of the Problem 283
III. The Main Theorem 284
IV. Conclusion 288
References 289
Technological Change and Growth Performance
in Taiwan Agriculture, 1946-1975
ERIK THORBECKE AND JACKSON KARUNASEKERA
I. Introduction 291
II. Growth Performance of the Agricultural Sector 292
III. Choice of Techniques in Taiwan's Agriculture 297
IV. Relative Income Shares and Technological Change
in the Agricultural Sector 304
V. Conclusions 306
References 307
Exchange Rate, Interest Rate, and Economic Development
S. C. TSIANG
I. Introduction 309
II. Objections to Our Proposals and the Invalidity
or Irrelevance of Their Arguments 314
III. The Effects of Our Proposals on the Economic Development
of Taiwan 329
References 345 |
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| title | Quantitative economics and development essays in memory of Ta-Chung Liu |
| title_auth | Quantitative economics and development essays in memory of Ta-Chung Liu |
| title_exact_search | Quantitative economics and development essays in memory of Ta-Chung Liu |
| title_full | Quantitative economics and development essays in memory of Ta-Chung Liu ed. by L. R. Klein ... |
| title_fullStr | Quantitative economics and development essays in memory of Ta-Chung Liu ed. by L. R. Klein ... |
| title_full_unstemmed | Quantitative economics and development essays in memory of Ta-Chung Liu ed. by L. R. Klein ... |
| title_short | Quantitative economics and development |
| title_sort | quantitative economics and development essays in memory of ta chung liu |
| title_sub | essays in memory of Ta-Chung Liu |
| topic | Ta-chung, Liu Liu, Ta-chung <1914-1975> Liu, Ta-Chung 1914-1975 (DE-588)128896809 gnd Desarrollo económico - Modelos matemáticos Développement économique - Modèles mathématiques Développement économique - Modèles mathématiques ram Econometría - Discursos, ensayos, conferencias Economische ontwikkeling gtt Mathématiques économiques Mathématiques économiques ram Wiskundige economie gtt Wiskundige modellen gtt Économétrie Économétrie ram Mathematisches Modell Wirtschaft Wirtschaftsentwicklung Econometrics Economic development Mathematical models Economics, Mathematical Bibliografie (DE-588)4006432-3 gnd Wirtschaftssystem (DE-588)4117663-7 gnd |
| topic_facet | Ta-chung, Liu Liu, Ta-chung <1914-1975> Liu, Ta-Chung 1914-1975 Desarrollo económico - Modelos matemáticos Développement économique - Modèles mathématiques Econometría - Discursos, ensayos, conferencias Economische ontwikkeling Mathématiques économiques Wiskundige economie Wiskundige modellen Économétrie Mathematisches Modell Wirtschaft Wirtschaftsentwicklung Econometrics Economic development Mathematical models Economics, Mathematical Bibliografie Wirtschaftssystem Taiwan - Condiciones económicas - Discursos, ensayos, conferencias Taiwan - Conditions économiques Taiwan - Conditions économiques - 1975-... Taiwan Economic conditions 1975- Taiwan Festschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=002135985&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT kleinlawrencerobert quantitativeeconomicsanddevelopmentessaysinmemoryoftachungliu AT liutachung quantitativeeconomicsanddevelopmentessaysinmemoryoftachungliu |