6533b854fe1ef96bd12ae6ea
RESEARCH PRODUCT
Double index recursive models
Pietro BalestraHassan Ghassansubject
mathématiques[ MATH ] Mathematics [math]asymptotic sectorial integrationcausalitymodelestimationmathematicsstatisticscausalité récursif modèle asymptotique intégration sectoriellerecursive system[MATH] Mathematics [math][MATH]Mathematics [math]operations researchdescription
The purpose of this document is to study the model belongs to the family of structural equation models with data varying both accross individuals (sectors) and in time. A complete theoretical analysis is developed in this work for the case of a recursive structure. Maximum likelihood estimation and Zellner's "seemingly unrelated equations" estimators (iterated or not) are presented and their asymptotic properties are carefully derived.The application of the estimation methods to the economy morocco produced statistically significant and economic meaningful results. Through a test of exogeneity, the recursivity of the system is confirmed. Policy recommendations are discussed and analyzed.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 1994-01-01 |