S. Nakamura An Inter-Industry Translog Model of Prices and Technical Change for the West German Economy 9783540127093

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Автор: S. Nakamura
Название: An Inter-Industry Translog Model of Prices and Technical Change for the West German Economy
ISBN: 9783540127093
Издательство: Springer
Классификация:

Экономическая теория и философия

Управление в конкретных областях

Управление производством и контролем качества

Вероятность и статистика

ISBN-10: 3540127097
Обложка/Формат: Paperback
Страницы: 295
Вес: 0.50 кг.
Дата издания: 01.12.1983
Серия: Lecture Notes in Economics and Mathematical Systems
Язык: English
Размер: 244 x 170 x 17
Основная тема: Economics
Ссылка на Издательство: Link
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Поставляется из: Германии
Описание: This book presents the results of a research project which has been carried out in the Special Research Unit (Sonderforschungs- bereich) 21 at Bonn University. It is a part of the current research on disaggregated econometric forecasting models with a fully integrated input-output system with variable input co- efficients where prices are explained as dual variables of the underlying production model. A similar approach has already been used by Knut KUbler Ein disaggregiertes Prognosesystem fUr die Bundesrepublik, die Unternehmenssektoren, Meisenheim am Glan, 1977. But KUbler assumed Cobb-Douglas production functions. Mean- while a new approach has been suggested by Jorgenson and others, using more flexible forms of functions, e. g. the translog function as an approximation to any reasonable neo-classical production function, see Hudson and Jorgenson US Energy Policy and Economic Growth, 1975 - 2000, Bell Journal of Economics and Management SCience, Vol. 5 (1974), page 461 ff. Jorgenson and Fraumeni, Substitution and Technical Change in Production, Discussion paper No. 752, Harvard Institute of Economic Research, Harvard University, Cambridge/Mass. (1 980) Friede, Investigation of Producer Behavior in the FRG using the Translog Price Function, Cambrigde/Mass. (1980). Krelle and Pallaschke A General Demand System, Zeitschrift fUr Nationalokonomie 41 (1981), page 223 ff. suggested another approximation using a Taylor expansion of any reasonable demand system. Nakamura follows the lines of Jorgenson and his collaborators but extends them into new areas and reaches much better results.

An Inter-Industry Translog Model of Prices and Technical Change for the West German Economy, S. Nakamura