Russia’s Comparative Advantages in Foreign Trade : Forecasting Potential Dynamics and Identifying Stimulation Measures
New
by
Ivan Savin
Book Details
Format
Hardback or Cased Book
Book Series
Schriften Zur Empirischen Wirtschaftsforschung
ISBN-10
3631639937
ISBN-13
9783631639931
Edition
New
Publisher
Peter Lang AG
Imprint
Peter Lang AG
Country of Manufacture
DE
Country of Publication
GB
Publication Date
Nov 29th, 2012
Print length
135 Pages
Weight
292 grams
Dimensions
22.00 x 15.40 x 1.30 cms
Ksh 5,900.00
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Identifying factors which stimulate regional growth and international competitiveness and using them for forecasting are the aims of this book. The author proposes the use of heuristic optimization techniques, Monte Carlo simulation experiments and Lasso-type estimators to avoid bias or misleading findings.
Identifying factors which stimulate regional growth and international competitiveness and using them for forecasting are the aims of this book. Departing from the theory of comparative advantages and their impact, the author demonstrates that such an approach has to be based on a sound theoretical foundation and on appropriate, advanced econometric methods. He proposes the use of heuristic optimization techniques, Monte Carlo simulation experiments and Lasso-type estimators to avoid bias or misleading findings, which might be the result of applying standard regression methods when key assumptions are not satisfied. In addition, the author demonstrates how some heuristic optimization-based methods can be used to obtain forecasts of industrial production in Russia and Germany founded on past observations and some leading indicators.
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