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A Continuous Time Econometric Model of the United Kingdom with Stochastic Trends

By: Albert Rex Bergstrom (Author) , UK) Nowman Khalid Ben (Westminster Business School (Author)

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Ksh 6,700.00

Format: Paperback or Softback

ISBN-13: 9781107411234

Publisher: Cambridge University Press

Publication Date: Oct 25th, 2012

Weight: 370 grams

Dimension: 21.60 x 14.00 x 1.70 cms

Category: Economic statistics

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This monograph presents a continuous time macroeconometric model of the United Kingdom incorporating stochastic trends. It describes the model in detail to permit a rigorous mathematical analysis of its steady-state and stability properties, thus providing a valuable check on the capacity of the model to generate plausible long-run behaviour.

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