The paper proposes a new approach to econometric modeling and parameter estimation which permits the construction of macro-econometric models from general microeconomic-foundations. It provides, inter-alia, full information maximum likelihood estimation methods which permit the following: (a) a statistical solution to the (exact of consistent) aggregation problem; (b) a new approach to the problem of parameter identification; (c) a systematic approach...
انظر المزيد
تفاصيل
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1983/1/01
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ورقة عمل إدارية
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DRD47
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1
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1
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2010/7/01
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Disclosed
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Neoclassical econometrics : the agenda
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econometric model