The Resource NonExtensive Entropy Econometrics for Low Frequency Series : National AccountsBased Inverse Problems, Second Bwanakare, (electronic resource)
NonExtensive Entropy Econometrics for Low Frequency Series : National AccountsBased Inverse Problems, Second Bwanakare, (electronic resource)
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The item NonExtensive Entropy Econometrics for Low Frequency Series : National AccountsBased Inverse Problems, Second Bwanakare, (electronic resource) represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in European University Institute.This item is available to borrow from 1 library branch.
Resource Information
The item NonExtensive Entropy Econometrics for Low Frequency Series : National AccountsBased Inverse Problems, Second Bwanakare, (electronic resource) represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in European University Institute.
This item is available to borrow from 1 library branch.
 Summary
 Nonextensive Entropy Econometrics for Low Frequency Series provides a new and robust powerlawbased, nonextensive entropy econometrics approach to the economic modelling of illbehaved inverse problems. Particular attention is paid to national accountbased general equilibrium models known for their relative complexity.In theoretical terms, the approach generalizes GibbsShannonGolan 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 humanrelated, once they are explained in the same time (or space) scale. Nonextensive 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 qparameter around unity. This book introduces a subdiscipline called Nonextensive Entropy Econometrics or, using a recent expression, Superstar Generalised Econometrics. It demonstrates, using national accountsbased 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.
 Language

 eng
 eng
 Extent
 1 online resource
 Contents

 2 Illposed Inverse Problem Solution and the Maximum Entropy Principle
 Part III: Updating and Forecasting InputOutput Transaction Matrices
 1 Introduction
 2 The System of National Accounts
 3 The InputOutput (IO) Table and its Main Application
 PART IV: Social Accounting Matrix
 1 Position of the Problem
 2 A SAM as a Walrasian Equilibrium Framework
 3 The Social Accounting Matrix (SAM) Framework
 4 Balancing a SAM
 Frontmatter
 5 A SAM and Multiplier Analysis: Economic Linkages and Multiplier Effects
 PART V: Computable General Equilibrium Models
 1 A Historical Perspective
 2 The CGE Model Among Other Models
 3 Optimal Behaviour And The General Equilibrium Model
 4 From a SAM to a CGE Model: a CobbDouglas Economy
 5 Estimating the CGE Model Through the Maximum Entropy Principle
 Part VI: From Equilibrium to Real World Disequilibrium: An Environmental Model
 1 Introduction
 2 Extending to an Environmental Model
 Contents
 3 Compensatory and Equivalent Variations: Two Types of Welfare Measurement
 1 Concluding Remarks
 Appendix
 Annex C. Computational Aspects of Using GAMS
 Annex D. Recovery of Pollutant Emissions by Industrial Sector and Region: an Instructional Case
 Index of Subject
 Index of Authors
 Acknowledgements
 Summary
 PART I: Generalities and Scope of the Book
 1 Generalities
 PART II: Statistical Theory of Information and Generalised Inverse Problem
 1 Information and its Main Quantitative Properties
 Isbn
 9783110550443
 Label
 NonExtensive Entropy Econometrics for Low Frequency Series : National AccountsBased Inverse Problems
 Title
 NonExtensive Entropy Econometrics for Low Frequency Series
 Title remainder
 National AccountsBased Inverse Problems
 Statement of responsibility
 Second Bwanakare
 Language

 eng
 eng
 Summary
 Nonextensive Entropy Econometrics for Low Frequency Series provides a new and robust powerlawbased, nonextensive entropy econometrics approach to the economic modelling of illbehaved inverse problems. Particular attention is paid to national accountbased general equilibrium models known for their relative complexity.In theoretical terms, the approach generalizes GibbsShannonGolan 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 humanrelated, once they are explained in the same time (or space) scale. Nonextensive 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 qparameter around unity. This book introduces a subdiscipline called Nonextensive Entropy Econometrics or, using a recent expression, Superstar Generalised Econometrics. It demonstrates, using national accountsbased 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.
 Assigning source
 Provided by publisher
 Cataloging source
 DEB1597
 http://library.link/vocab/creatorName
 Bwanakare, Second,
 Government publication
 other
 Language note
 In English
 Nature of contents
 dictionaries
 Series statement
 Open Access eBooks
 http://library.link/vocab/subjectName

 Business cycles
 Econometrics
 Maximum entropy method
 Target audience
 specialized
 Label
 NonExtensive Entropy Econometrics for Low Frequency Series : National AccountsBased Inverse Problems, Second Bwanakare, (electronic resource)
 Carrier category
 online resource
 Carrier category code

 cr
 Carrier MARC source
 rdacarrier
 Content category
 text
 Content type code

 txt
 Content type MARC source
 rdacontent
 Contents

 2 Illposed Inverse Problem Solution and the Maximum Entropy Principle
 Part III: Updating and Forecasting InputOutput Transaction Matrices
 1 Introduction
 2 The System of National Accounts
 3 The InputOutput (IO) Table and its Main Application
 PART IV: Social Accounting Matrix
 1 Position of the Problem
 2 A SAM as a Walrasian Equilibrium Framework
 3 The Social Accounting Matrix (SAM) Framework
 4 Balancing a SAM
 Frontmatter
 5 A SAM and Multiplier Analysis: Economic Linkages and Multiplier Effects
 PART V: Computable General Equilibrium Models
 1 A Historical Perspective
 2 The CGE Model Among Other Models
 3 Optimal Behaviour And The General Equilibrium Model
 4 From a SAM to a CGE Model: a CobbDouglas Economy
 5 Estimating the CGE Model Through the Maximum Entropy Principle
 Part VI: From Equilibrium to Real World Disequilibrium: An Environmental Model
 1 Introduction
 2 Extending to an Environmental Model
 Contents
 3 Compensatory and Equivalent Variations: Two Types of Welfare Measurement
 1 Concluding Remarks
 Appendix
 Annex C. Computational Aspects of Using GAMS
 Annex D. Recovery of Pollutant Emissions by Industrial Sector and Region: an Instructional Case
 Index of Subject
 Index of Authors
 Acknowledgements
 Summary
 PART I: Generalities and Scope of the Book
 1 Generalities
 PART II: Statistical Theory of Information and Generalised Inverse Problem
 1 Information and its Main Quantitative Properties
 Control code
 9783110550443
 Extent
 1 online resource
 Form of item
 online
 Isbn
 9783110550443
 Media category
 computer
 Media MARC source
 rdamedia
 Media type code

 c
 Other control number
 10.1515/9783110550443
 Specific material designation
 remote
 System control number
 (OCoLC)1110449860
 Label
 NonExtensive Entropy Econometrics for Low Frequency Series : National AccountsBased Inverse Problems, Second Bwanakare, (electronic resource)
 Carrier category
 online resource
 Carrier category code

 cr
 Carrier MARC source
 rdacarrier
 Content category
 text
 Content type code

 txt
 Content type MARC source
 rdacontent
 Contents

 2 Illposed Inverse Problem Solution and the Maximum Entropy Principle
 Part III: Updating and Forecasting InputOutput Transaction Matrices
 1 Introduction
 2 The System of National Accounts
 3 The InputOutput (IO) Table and its Main Application
 PART IV: Social Accounting Matrix
 1 Position of the Problem
 2 A SAM as a Walrasian Equilibrium Framework
 3 The Social Accounting Matrix (SAM) Framework
 4 Balancing a SAM
 Frontmatter
 5 A SAM and Multiplier Analysis: Economic Linkages and Multiplier Effects
 PART V: Computable General Equilibrium Models
 1 A Historical Perspective
 2 The CGE Model Among Other Models
 3 Optimal Behaviour And The General Equilibrium Model
 4 From a SAM to a CGE Model: a CobbDouglas Economy
 5 Estimating the CGE Model Through the Maximum Entropy Principle
 Part VI: From Equilibrium to Real World Disequilibrium: An Environmental Model
 1 Introduction
 2 Extending to an Environmental Model
 Contents
 3 Compensatory and Equivalent Variations: Two Types of Welfare Measurement
 1 Concluding Remarks
 Appendix
 Annex C. Computational Aspects of Using GAMS
 Annex D. Recovery of Pollutant Emissions by Industrial Sector and Region: an Instructional Case
 Index of Subject
 Index of Authors
 Acknowledgements
 Summary
 PART I: Generalities and Scope of the Book
 1 Generalities
 PART II: Statistical Theory of Information and Generalised Inverse Problem
 1 Information and its Main Quantitative Properties
 Control code
 9783110550443
 Extent
 1 online resource
 Form of item
 online
 Isbn
 9783110550443
 Media category
 computer
 Media MARC source
 rdamedia
 Media type code

 c
 Other control number
 10.1515/9783110550443
 Specific material designation
 remote
 System control number
 (OCoLC)1110449860
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