Titlebook: Econometrics and Economic Theory; Essays in Honour of Willy Sellekaerts Book 1974 Palgrave Macmillan, a division of Macmillan Publishers L

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Estimation and Prediction in Dynamic Econometric Modelson theory, but accepted practice is to follow the ‘comforting’ asymptotic result of Mann and Wald [6] that maximum likelihood estimates of linear difference equation systems are based on the specification that lagged variables may be formally treated like exogenous variables. Mann and Wald required

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Specification Bias in Seemingly Unrelated Regressionses are non-stochastic, and the error terms are homoscedastic and serially independent, the ordinary least squares estimation of the parameters yields the best linear unbiased estimates. But when there is a set of linear regression equations whose error terms are contemporaneously correlated, then th

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Acceleration Incentives and X-Efficiencynd in the more abstract realm of economic analysis. The obvious arrangement for their use involves a payment, positive or negative, that varies directly with some measure of contribution. Thus, if social policy calls for the stimulation of exports, subsidy payments are proportioned to a firm’s expor

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The Size Distribution of Labour Incomes Derived from the Distribution of Aptitudesion of labour incomes from the choice of occupation by individuals. This is also the aim of the present paper, which, however, uses somewhat different techniques of analysis and has a more limited scope. Whereas Tinbergen relied heavily of the differential calculus, I use mostly linear inequalities

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Demographic Aspects of the Distribution of Income among Families: Recent Trends in the United Statesmillion out of a total population of the United States of 205 million — the rest being unattached persons and the institutional population.. And if the family is defined, as it is in the basic source used here, as ‘a group of two or more persons related by blood, marriage or adoption and residing to