The Econometrics of Disequilibrium Models

Synopsis

This work is an accessible examination of the nature of various estimation methods written for those who have limited knowledge of economic theory. Some of the relatively simple methods can be implemented by using existing software packages. It reviews the Walrasian general equilibrium theory, compares the two genuine alternative frameworks for analyzing economic phenomena, and aids in establishing a necessary methodological consistency between analytical philosophy and the estimation methods in applied work on disequilibrium economics.

Additional information

Publisher: Place of publication:
  • New York
Publication year:
  • 1990