The Cambridge Multisectoral Dynamic Model, Hardback Book

The Cambridge Multisectoral Dynamic Model Hardback

Edited by Terry Barker, William Peterson

Part of the Cambridge Studies in Applied Econometrics series

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This 1998 book presents the econometric analysis of single-equation and simultaneous-equation models in which the jointly dependent variables can be continuous, categorical, or truncated.

Despite the traditional emphasis on continuous variables in econometrics, many of the economic variables encountered in practice are categorical (those for which a suitable category can be found but where no actual measurement exists) or truncated (those that can be observed only in certain range).

Such variables are involved, for example, in models of occupational choice, choice of tenture in housing, and choice of type of schooling.

Models with regulated prices and rationing and models for program evaluation also represent areas of application for the techniques presented by the author.

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