Econometrics of Short and Unreliable Time Series by Andrei I. Kazmin (auth.), Dr. Thomas Url, Univ.-Doz. Dr.

By Andrei I. Kazmin (auth.), Dr. Thomas Url, Univ.-Doz. Dr. Andreas Wörgötter (eds.)

The disappearance of relevant deliberate economies left politicians, researchers, experts, and lecturers with an curiosity in economies in transition in vagueness concerning the real country of the economic system and its brief and medium time period clients. This quantity presents the reader with details on how one can care for the statistical shortcomings of economies in transition. so much financial variables released for those nations are likely to surround a quick time period or they own a low dimension caliber. in addition, lots of the sequence are topic to structural breaks, end result of the switch within the styles of financial reactions over the years. The contributions during this quantity exhibit numerous how one can resolve or no less than to reduce the ahead of pointed out problems.

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Households savings in percentage of the disponible income . Including the effect of amortization of roubles debt by airplanes delivery. A2: Estimated Equations of the ERI ModeF. 1. A2) 1961-1990 1/ A. Dependent variable: LQCL=Log(QCL) Expl. 5452) l/B. DQCL=LQCL-LQCL(-l) 1962-1990 T-ratio Expl. / A equation. DU7990 - equals to 1 for 1979-1990, 0 otherwise. 2Variables at constant and those at current prices are marked by symbols beginning with 'Q' and 'X', respectively. The logarithm of a given variable is denoted by 'L' and differences of logs are written as 'D'.

Has been one of the necessary conditions of the transition, but at the same time it can be considered as one of the sources of the accelerating inflation problem (about 30 percent consumer price increase in 1990). The inflation forecasts are of primary importance from the point of view of the stabilization. In the models of the CPE financial blocs contained accounting identities of income redistribution using parameters of the economic regulation system (direct and indirect taxation, subsidization).

The dependent variable is the average annual growth rate of real per capita gross domestic product from 1960 to 1985. 2 percent per annum on the average. 4 percent. Seven variables are hypothesized to determine the growth rate. A variable of special interest is the initial per capita GDP which is the focus of the convergence literature. A negative coefficient on initial GDP would indicate that countries which are initially ahead tend to grow more slowly; thus there is convergence of per capita GDP.

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