1st Edition

Dynamic Economic Models in Discrete Time Theory and Empirical Applications

By Brian Ferguson, Guay Lim Copyright 2003
    176 Pages
    by Routledge

    176 Pages
    by Routledge

    This new book will be welcomed by econometricians and students of econometrics everywhere. Introducing discrete time modelling techniques and bridging the gap between economics and econometric literature, this ambitious book is sure to be an invaluable resource for all those to whom the terms unit roots, cointegration and error correction forms, chaos theory and random walks are recognisable if not yet fully understood.

    1. Introduction 2. First Order Difference Equations 3. Second Order Difference Equations 4. Higher Order and Systems of Difference Equations 5. Intertemporal Optimization 6. Nonlinear Difference Equations 7. Empirical Analysis of Economic Dynamics

    Biography

    Brian S. Ferguson is Associate Professor of Economics at the University of Guelph, Canada.

    G.C. Lim is Associate Professor of Economics at Melbourne University, Australia.