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Estimation of simultaneous systems of spatially interrelated cross sectional equations
Spatial dependence Simultaneous equation system Two-stage least squares Three-stage least squares Generalized moments estimation
2015/9/24
In this paper we consider a simultaneous system of spatially interrelated cross sectional equations. Our speci.cation incorporates spatial lags in the endogenous and exogenous variables. In modelling ...
Multiperiod Optimization in Economic Systems with Unknown Parameters
Multiperiod Optimization Economic Systems
2015/8/5
Multiperiod Optimization in Economic Systems with Unknown Parameters.
Statistical thermodynamics of economic systems
Econophysics statistical thermodynamics money function
2010/10/29
We formulate thermodynamics of economic systems in terms of an arbitrary probability distribution for a conserved economic quantity. As in statistical physics, thermodynamic macroeconomic variables em...