Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Computable general equilibrium (CGE) models play an important role in supporting public-policy making on such issues as trade, climate change and taxation. This significantly revised volume, keeping pace with the next-generation standard CGE model, is the only undergraduate-level introduction of its kind. The volume utilizes a graphical approach to explain the economic theory underlying a CGE model, and provides results from simple, small-scale CGE models to illustrate the links between theory and model outcomes. Its eleven hands-on exercises introduce modelling techniques that are applied to real-world economic problems. Students learn how to integrate their separate fields of economic study into a comprehensive, general equilibrium perspective as they develop their skills as producers or consumers of CGE-based analysis.

Computable general equilibrium models. --- Equilibrium (Economics) --- CGE models --- Equilibrium models, Computable general --- General equilibrium models, Computable --- Econometric models --- Mathematical models. --- Computable general equilibrium models --- Equilibrium (Economics) - Mathematical models

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

The second edition of Non-extensive Entropy Econometrics for Low Frequency Series provides a new and robust power-law-based, non-extensive entropy econometrics approach to the economic modelling of ill-behaved inverse problems. Particular attention is paid to national account-based general equilibrium models known for their relative complexity.In theoretical terms, the approach generalizes Gibbs-Shannon-Golan entropy models, which are useful for describing ergodic phenomena. In essence, this entropy econometrics approach constitutes a junction of two distinct concepts: Jayne's maximum entropy principle and the Bayesian generalized method of moments. Rival econometric techniques are not conceptually adapted to solving complex inverse problems or are seriously limited when it comes to practical implementation. Recent literature showed that amplitude and frequency of macroeconomic fluctuations do not substantially diverge from many other extreme events, natural or human-related, once they are explained in the same time (or space) scale. Non-extensive entropy is a precious device for econometric modelling even in the case of low frequency series, since outputs evolving within the Gaussian attractor correspond to the Tsallis entropy limiting case of Tsallis q-parameter around unity. This book introduces a sub-discipline called Non-extensive Entropy Econometrics or, using a recent expression, Superstar Generalised Econometrics. It demonstrates, using national accounts-based models, that this approach facilitates solving nonlinear, complex inverse problems, previously considered intractable, such as the constant elasticity of substitution class of functions. This new proposed approach could extend the frontier of theoretical and applied econometrics.

generalized cross-entropy, general equilibrium macro-economic model, econometrics. --- BUSINESS & ECONOMICS / Econometrics.

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Statistical physics --- 531.19 --- 541.121 --- Statistical mechanics --- Chemical statics in general. Equilibrium in general --- Mechanics --- Mechanics, Analytic --- Quantum statistics --- Thermodynamics --- Chemistry, Physical and theoretical. --- Statistical mechanics. --- 541.121 Chemical statics in general. Equilibrium in general --- 531.19 Statistical mechanics

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

541.121 <083> --- Chemical statics in general. Equilibrium in general--Tabellen. Lijsten. Indices --(niet-bibliografische) --- 541.121 <083> Chemical statics in general. Equilibrium in general--Tabellen. Lijsten. Indices --(niet-bibliografische) --- WATER --- ORGANIC COMPOUNDS --- VAPOR-LIQUID EQUILIBRIUM --- PROPERTIES

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

541.121 --- 536.7 --- 536.7 Thermodynamics. Energetics --- Thermodynamics. Energetics --- 541.121 Chemical statics in general. Equilibrium in general --- Chemical statics in general. Equilibrium in general --- 541.11 --- 541.11 Thermochemistry --- Thermochemistry --- Chemical thermodynamics --- fysicochemie