Titlebook: Economics in Theory and Practice: An Eclectic Approach; Essays in Honor of F Lawrence R. Klein,Jaime Marquez Book 1989 Kluwer Academic Publ

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https://doi.org/10.1007/978-94-009-0463-7Developing Countries; Simulation; development; econometrics; foreign trade; international trade

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Discussion and Final Considerationsmacroeconometric models, supplemented by the frequent flow — almost daily — of indicative information. As soon as reports are prepared about some specific area of economic activity, they are released to the public. At the extreme, we have instantaneous market reports, originating with the start of t

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Bego?a Martínez-Cruz,María Méndez Camarena distinguishing feature of these models is the nonlinearity of the solution for the endogenous variables in terms of model disturbances. Additionally, they are dynamic — with lagged endogenous variables and/or serially correlated errors. Models of macroeconomic systems and limited dependent variable

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