|Series||Discussion papers / University of Leicester. Department of Economics -- No.89|
An Econometric Estimation of Public Finances in Greece and its Effect on Society. national expenditure and position the economy of a country in the international scene. In this paper we establish one of the linkages by observing the importance of the `hidden economy' estimates in explaining the variation in consumer durable expenditures. An Econometric Method. econometric cost functions were used more in this industry than in any other context. As competition has grown, the debates concerning the presence or absence of natural monopoly elements in telecommunications have gradually subsided. The importance of public knowledge of firm-specific costs has not, however, correspondingly decreased. WhereFile Size: KB. The plan of the paper is as follows: Section 1 begins with a discussion of the problems involved in making systematic use of economic theory to estimate demand functions; this is followed by a brief description of the linear expenditure system and discussion of the specification of its dynamic and stochastic structure.
Estimating the economic impacts of public spending in a sub-region: An econometric approach The initial expenditure is multiplied, in effect, through respending in the local economy. The income so generated creates tax revenues, which, to some degree, offset the cost of operating the institution. Cited by: 2. important to understand the econometric techniques available to applied researchers. Moreover, it is just as important to be aware of their limitations and pitfalls. The purpose of this book is to introduce readers to the appropriate econometric techniques for use with different forms of survey data – known collectively as Size: 1MB. distinguish between econometric methods, which are statistical estimation techniques and econometric models to which estimation methods are applied. 1. Introduction Econometric analysis is used to develop, estimate and evaluate models which relate economic or financial variables. An applied economic study usually proceeds in the following way. Econometric methods are increasingly being used to estimate these shares (Akobundu et al. ) and, because the underlying relationship between the condition of interest and burden (be it morbidity, mortality, or economic) is likely to be nonlinear, sophisticated modeling strategies are required. With respect to medical expenditures, an Cited by:
Based on Multiple Indicators Multiple Causes (MIMIC) model, this study calculates the scale of hidden economy in Chinese provinces firstly. Then, we apply the method of spatial econometrics to analyze the interaction effect of corruption and the hidden economy on environmental pollution with China’s provincial panel data from to Cited by: 1. Estimating Econometric Models with Fixed Effects. William Greene * Department of Economics, Stern School of Business, New York University, April, Abstract. The application of nonlinear fixed effects models in econometrics has often been avoided for two reasons, one methodological, one practical. This paper surveys various econometric issues that arise in estimating a relation between the logarithm of earnings, schooling, and other variables and focuses on the problem of "ability" as a left-out variable and the various solutions to it. Dynamic Effects of Fiscal Policy on Output and Unemployment in Nigeria: An Econometric Investigation Abubakar consumption on unemployment and output to be sizable, while the effect of government investment is to a lesser extent. Tax hikes was found to reduce.