Coverart for item
The Resource Non-Extensive Entropy Econometrics for Low Frequency Series : National Accounts-Based Inverse Problems, Second Bwanakare, (electronic resource)

Non-Extensive Entropy Econometrics for Low Frequency Series : National Accounts-Based Inverse Problems, Second Bwanakare, (electronic resource)

Label
Non-Extensive Entropy Econometrics for Low Frequency Series : National Accounts-Based Inverse Problems
Title
Non-Extensive Entropy Econometrics for Low Frequency Series
Title remainder
National Accounts-Based Inverse Problems
Statement of responsibility
Second Bwanakare
Creator
Subject
Language
  • eng
  • eng
Summary
Non-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.--
Assigning source
Provided by publisher
Cataloging source
DE-B1597
http://library.link/vocab/creatorName
Bwanakare, Second,
Government publication
other
Language note
In English
Nature of contents
dictionaries
Series statement
Open Access e-Books
http://library.link/vocab/subjectName
  • Business cycles
  • Econometrics
  • Maximum entropy method
Target audience
specialized
Label
Non-Extensive Entropy Econometrics for Low Frequency Series : National Accounts-Based Inverse Problems, Second Bwanakare, (electronic resource)
Link
https://doi.org/10.1515/9783110550443
Instantiates
Publication
Copyright
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 Ill-posed Inverse Problem Solution and the Maximum Entropy Principle
  • Part III: Updating and Forecasting Input-Output Transaction Matrices
  • 1 Introduction
  • 2 The System of National Accounts
  • 3 The Input-Output (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 Cobb-Douglas 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
Non-Extensive Entropy Econometrics for Low Frequency Series : National Accounts-Based Inverse Problems, Second Bwanakare, (electronic resource)
Link
https://doi.org/10.1515/9783110550443
Publication
Copyright
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 Ill-posed Inverse Problem Solution and the Maximum Entropy Principle
  • Part III: Updating and Forecasting Input-Output Transaction Matrices
  • 1 Introduction
  • 2 The System of National Accounts
  • 3 The Input-Output (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 Cobb-Douglas 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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