Asymptotic Behavior of Predictors in a Nonlinear Simultaneous System
Article Abstract:
Deterministic and stochastic predictors are compared in an analysis of the large sample asymptotic behavior in a nonlinear simultaneous system. Well-defined measures or asymptotic bias are obtained as well as the mean squared error of point predictors. Use of the Monte Carlo Simulation is advocated.
Publication Name: International Economic Review
Subject: Economics
ISSN: 0020-6598
Year: 1983
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Estimation and Inference for Heteroscedastic Systems of Equations
Article Abstract:
A parameter covariance matrix for systems of equations is proposed for its robustness to heteroscedastic errors. A parameter estimator which is efficient under heteroscedasticity and parameter restrictions is suggested. Estimator performance is good.
Publication Name: International Economic Review
Subject: Economics
ISSN: 0020-6598
Year: 1983
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A Comparison of the Performance of Three Flexible Functional Forms
Article Abstract:
The performance of flexible forms in modeling technology is examined using Monte Carlo Simulations. Tracking ability, departures from unity, and input complementarity are examined. Performance of the translog form was satisfactory.
Publication Name: International Economic Review
Subject: Economics
ISSN: 0020-6598
Year: 1983
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