000			05587nam a22006015i 4500
001			9783110550443
003			DE-B1597
005			20200803184535.0
006			m|||||o||d||||||||
007			cr || ||||||||
008			190615s2017 pl fo d z eng d
020			_a9783110550443
024	7		_a10.1515/9783110550443 _2doi
035			_a(DE-B1597)482633
035			_a(OCoLC)1004867996
035			_a(OCoLC)1011438810
035			_a(OCoLC)1013948996
035			_a(OCoLC)999367573
040			_aDE-B1597 _beng _cDE-B1597 _erda
041	0		_aeng
044			_apl _cPL
050		4	_aHB139
072		7	_aBUS021000 _2bisacsh
072		7	_aBUS069000 _2bisacsh
082	0	4	_a330 _223
100	1		_aBwanakare, Second, _eauthor.
245	1	0	_aNon-Extensive Entropy Econometrics for Low Frequency Series : _bNational Accounts-Based Inverse Problems / _cSecond Bwanakare.
264		1	_aWarsaw ; _aBerlin : _bDe Gruyter Open Poland, _c[2017]
264		4	_c©2017
300			_a1 online resource
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_atext file _bPDF _2rda
505	0	0	_tFrontmatter -- _tContents -- _tAcknowledgements -- _tSummary -- _tPART I: Generalities and Scope of the Book -- _t1 Generalities -- _tPART II: Statistical Theory of Information and Generalised Inverse Problem -- _t1 Information and its Main Quantitative Properties -- _t2 Ill-posed Inverse Problem Solution and the Maximum Entropy Principle -- _tPart III: Updating and Forecasting Input-Output Transaction Matrices -- _t1 Introduction -- _t2 The System of National Accounts -- _t3 The Input-Output (IO) Table and its Main Application -- _tPART IV: Social Accounting Matrix -- _t1 Position of the Problem -- _t2 A SAM as a Walrasian Equilibrium Framework -- _t3 The Social Accounting Matrix (SAM) Framework -- _t4 Balancing a SAM -- _t5 A SAM and Multiplier Analysis: Economic Linkages and Multiplier Effects -- _tPART V: Computable General Equilibrium Models -- _t1 A Historical Perspective -- _t2 The CGE Model Among Other Models -- _t3 Optimal Behaviour And The General Equilibrium Model -- _t4 From a SAM to a CGE Model: a Cobb-Douglas Economy -- _t5 Estimating the CGE Model Through the Maximum Entropy Principle -- _tPart VI: From Equilibrium to Real World Disequilibrium: An Environmental Model -- _t1 Introduction -- _t2 Extending to an Environmental Model -- _t3 Compensatory and Equivalent Variations: Two Types of Welfare Measurement -- _t1 Concluding Remarks -- _tAppendix -- _tAnnex C. Computational Aspects of Using GAMS -- _tAnnex D. Recovery of Pollutant Emissions by Industrial Sector and Region: an Instructional Case -- _tIndex of Subject -- _tIndex of Authors
506	0		_aOpen Access _uhttps://purl.org/coar/access_right/c_abf2 _funrestricted online access _2star
520			_aNon-extensive Entropy Econometrics for Low Frequency Series provides a new and robust power-law-based, non-extensive entropy econometrics approach to the economic modelling of ill-behaved inverse problems. Particular attention is paid to national account-based general equilibrium models known for their relative complexity.In theoretical terms, the approach generalizes Gibbs-Shannon-Golan entropy models, which are useful for describing ergodic phenomena. In essence, this entropy econometrics approach constitutes a junction of two distinct concepts: Jayne's maximum entropy principle and the Bayesian generalized method of moments. Rival econometric techniques are not conceptually adapted to solving complex inverse problems or are seriously limited when it comes to practical implementation. Recent literature showed that amplitude and frequency of macroeconomic fluctuations do not substantially diverge from many other extreme events, natural or human-related, once they are explained in the same time (or space) scale. Non-extensive entropy is a precious device for econometric modelling even in the case of low frequency series, since outputs evolving within the Gaussian attractor correspond to the Tsallis entropy limiting case of Tsallis q-parameter around unity. This book introduces a sub-discipline called Non-extensive Entropy Econometrics or, using a recent expression, Superstar Generalised Econometrics. It demonstrates, using national accounts-based models, that this approach facilitates solving nonlinear, complex inverse problems, previously considered intractable, such as the constant elasticity of substitution class of functions. This new proposed approach could extend the frontier of theoretical and applied econometrics.
538			_aMode of access: Internet via World Wide Web.
540			_aThis eBook is made available Open Access under a CC BY-NC-ND 4.0 license: _uhttps://creativecommons.org/licenses/by-nc-nd/4.0 _uhttps://www.degruyter.com/dg/page/open-access-policy
546			_aIn English.
588	0		_aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 15. Jun 2019)
650		0	_aBusiness cycles.
650		0	_aEconometrics.
650		0	_aMaximum entropy method.
650		4	_ageneralized cross-entropy, general equilibrium macro-economic model, econometrics.
650		7	_aBUSINESS & ECONOMICS / Econometrics. _2bisacsh
776	0		_cEPUB _z9783110550764
776	0		_cprint _z9783110550436
856	4	0	_uhttps://doi.org/10.1515/9783110550443 _zOpen Access
856	4	2	_3Cover _uhttps://www.degruyter.com/cover/covers/9783110550443.jpg
912			_aGBV-deGruyter-alles
912			_aZDB-23-GOA
999			_c535375 _d535373