Mendeley出力
Non-Extensive Entropy Econometrics for Low Frequency Series : National Accounts-Based Inverse Problems / Second Bwanakare
| データ種別 | 電子ブック |
|---|---|
| 出版者 | Warsaw ; Berlin : De Gruyter Open |
| 出版年 | [2017] |
| 本文言語 | 英語 |
| 大きさ | 1 online resource |
書誌詳細を非表示
| 資料種別 | 機械可読データファイル |
|---|---|
| 一般注記 | 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 Open Access In English Includes bibliographical references and indexes Online resource; title from PDF title page (publisher's Web site, viewed 24. Jul 2017) |
| 著者標目 | *Bwanakare, Second, |
| 件 名 | LCSH:Econometrics LCSH:Maximum entropy method LCSH:Business cycles FREE:Business cycles FREE:Econometrics FREE:Maximum entropy method BSH:Electronic books |
| 分 類 | DC23:330 |
| 書誌ID | ED00002035 |
| ISBN | 311055044X |