By Edmond Malinvaud (auth.), Prof. Daniel J. Slottje (eds.)
Articles on econometric technique with distinctive connection with the quantification of poverty and monetary inequality are provided during this ebook. Poverty and inequality size current particular difficulties to the econometrician, and almost all these papers learn find out how to assault these problems.
The themes and contributions within the ebook are an excellent illustration of Camilo Dagum's dazzling range of pursuits and total eclecticism. a number of of the authors are top pioneers in econometric method. a number of others are pioneers in financial thought and others are the major utilized economists in source of revenue distribution research on this planet. the subjects adequately mirror Camilo Dagum's breadth of knowing throughout varios fiscal sub-fields, all complicated in nature.
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Additional resources for Advances in Econometrics, Income Distribution and Scientific Methodology: Essays in Honor of Camilo Dagum
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Thus the solutions need not be presented to the user community as a set of solution values (for either a given variable or for a given time period); instead, the user may have standardized tables such as those that appear in official government publications. In addition, widely available graphic routines that manipulate the data as soon as the simulations are completed enable the findings to be displayed vividly for users. The generation of solutions in the fonn of standard accounting tables was completed as early as the mid-1960s, while computer graphics were most rapidly developed in the late 1970s and early 1980s.
Today of course it is no problem at all to solve 200 simultaneous equations of the sort found in standard macroeconometric models, but it was considered quite an accomplishment in the mid-1960s. Also, initially the solution was presented, as a final result, simply as a set of values obtained from the solution of the simultaneous equations problem, rather than as standard tabulations in national income accounting tables. Slightly later, the solutions were displayed in standard tabulations, although these presentations were not as elegant as our current solution programs.