An Inter-Industry Translog Model of Prices and Technical Change for the West German Economy

S. Nakamura

ISBN 10: 3540127097 / ISBN 13: 9783540127093

Edité par Springer, Springer Berlin Heidelberg, 1983

A propos de cet article

Druck auf Anfrage Neuware - Printed after ordering - This book presents the results of a research project which has been carried out in the Special Research Unit (Sonderforschungs bereich) 21 at Bonn University. It is a part of the current research on disaggregated econometric forecasting models with a fully integrated input-output system with variable input co efficients where prices are explained as dual variables of the underlying production model. A similar approach has already been used by Knut KUbler 'Ein disaggregiertes Prognosesystem fUr die Bundesrepublik, die Unternehmenssektoren', Meisenheim am Glan, 1977. But KUbler assumed Cobb-Douglas production functions. Mean while a new approach has been suggested by Jorgenson and others, using more flexible forms of functions, e. g. the translog function as an approximation to any reasonable neo-classical production function, see Hudson and Jorgenson 'US Energy Policy and Economic Growth, 1975 - 2000', Bell Journal of Economics and Management SCience, Vol. 5 (1974), page 461 ff. ~ Jorgenson and Fraumeni, 'Substitution and Technical Change in Production', Discussion paper No. 752, Harvard Institute of Economic Research, Harvard University, Cambridge/Mass. (1 980) ~ Friede, 'Investigation of Producer Behavior in the FRG using the Translog Price Function', Cambrigde/Mass. (1980). Krelle and Pallaschke 'A General Demand System', Zeitschrift fUr Nationalokonomie 41 (1981), page 223 ff. suggested another approximation using a Taylor expansion of any reasonable demand system. Nakamura follows the lines of Jorgenson and his collaborators but extends them into new areas and reaches much better results.

N° de réf. du vendeur 9783540127093

Détails bibliographiques

• Titre: An Inter-Industry Translog Model of Prices and Technical Change for the West German Economy
• Éditeur: Springer, Springer Berlin Heidelberg
• Date de parution: 1983
• Langue: anglais
• ISBN à 10 chiffres: 3540127097
• ISBN à 13 chiffres: 9783540127093
• Reliure: Taschenbuch
• État de l'article: Neu
• Dimensions: 244 L x 170 H x 17 P (en millimètres) 244 millimètres de largeur par 170 millimètres de hauteur par 17 millimètres de profondeur
• Poids: 542 grammes

A propos de ce titre

Synopsis

This book presents the results of a research project which has been carried out in the Special Research Unit (Sonderforschungs- bereich) 21 at Bonn University. It is a part of the current research on disaggregated econometric forecasting models with a fully integrated input-output system with variable input co- efficients where prices are explained as dual variables of the underlying production model. A similar approach has already been used by Knut KUbler "Ein disaggregiertes Prognosesystem fUr die Bundesrepublik, die Unternehmenssektoren", Meisenheim am Glan, 1977. But KUbler assumed Cobb-Douglas production functions. Mean- while a new approach has been suggested by Jorgenson and others, using more flexible forms of functions, e. g. the translog function as an approximation to any reasonable neo-classical production function, see Hudson and Jorgenson "US Energy Policy and Economic Growth, 1975 - 2000", Bell Journal of Economics and Management SCience, Vol. 5 (1974), page 461 ff. Jorgenson and Fraumeni, "Substitution and Technical Change in Production", Discussion paper No. 752, Harvard Institute of Economic Research, Harvard University, Cambridge/Mass. (1 980) Friede, "Investigation of Producer Behavior in the FRG using the Translog Price Function", Cambrigde/Mass. (1980). Krelle and Pallaschke "A General Demand System", Zeitschrift fUr Nationalokonomie 41 (1981), page 223 ff. suggested another approximation using a Taylor expansion of any reasonable demand system. Nakamura follows the lines of Jorgenson and his collaborators but extends them into new areas and reaches much better results.