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Empirical Macroeconomics and Statistical Uncertainty: Spatial and Temporal Disaggregation of Regional Economic Indicators

Empirical Macroeconomics and Statistical Uncertainty: Spatial and Temporal Disaggregation of Regional Economic Indicators

          
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About the Book

This book addresses one of the most important research activities in empirical macroeconomics. It provides a course of advanced but intuitive methods and tools enabling the spatial and temporal disaggregation of basic macroeconomic variables and the assessment of the statistical uncertainty of the outcomes of disaggregation.

The empirical analysis focuses mainly on GDP and its growth in the context of Poland. However, all of the methods discussed can be easily applied to other countries. The approach used in the book views spatial and temporal disaggregation as a special case of the estimation of missing observations (a topic on missing data analysis). The book presents an econometric course of models of Seemingly Unrelated Regression Equations (SURE). The main advantage of using the SURE specification is to tackle the presented research problem so that it allows for the heterogeneity of the parameters describing relations between macroeconomic indicators. The book contains model specification, as well as descriptions of stochastic assumptions and resulting procedures of estimation and testing. The method also addresses uncertainty in the estimates produced. All of the necessary tests and assumptions are presented in detail. The results are designed to serve as a source of invaluable information making regional analyses more convenient and - more importantly - comparable. It will create a solid basis for making conclusions and recommendations concerning regional economic policy in Poland, particularly regarding the assessment of the economic situation.

This is essential reading for academics, researchers, and economists with regional analysis as their field of expertise, as well as central bankers and policymakers.


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Product Details
  • ISBN-13: 9780367456719
  • Publisher: Taylor and Francis
  • Publisher Imprint: Routledge
  • Height: 239 mm
  • No of Pages: 112
  • Series Title: Routledge Studies in the European Economy
  • Sub Title: Spatial and Temporal Disaggregation of Regional Economic Indicators
  • Width: 155 mm
  • ISBN-10: 0367456710
  • Publisher Date: 07 Aug 2020
  • Binding: Hardback
  • Language: English
  • Returnable: Y
  • Spine Width: 13 mm
  • Weight: 353 gr


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