Non-Extensive Entropy Econometrics for Low Frequency Series : National Accounts-Based Inverse Problems
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 th...
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De Gruyter Open Poland
2017
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=nlebk&AN=2945147&site=ehost-live header: @attributes: shortDbName: nlebk uiTerm: 2945147 longDbName: eBook Collection (EBSCOhost) uiTag: AN controlInfo: bkinfo: btl: Non-Extensive Entropy Econometrics for Low Frequency Series : National Accounts-Based Inverse Problems aug: au: Second Bwanakare isbn: 9783110550436 9783110550443 9783110550764 imageinfo: pubinfo: dt: @attributes: year: 2017 month: 01 day: 01 dtAvail: @attributes: year: 2021 month: 10 day: 11 pub: De Gruyter Open Poland pubContract: De Gruyter place: Warsaw price: 0.01 limitsGroup: maxCheckoutDays: 1500 pda: N printPagesOffline: 100 printPagesOnline: 100 previewPages: 10000 prePubGroup: dewey: @attributes: class: 330 item: 330 lc: @attributes: class: HB139 item: HB 139 artinfo: ui: 2945147 1013948996 formats: fmt: @attributes: type: EB doid: NL$2945147$PDF caption: PDF download: Y tig: atl: Non-Extensive Entropy Econometrics for Low Frequency Series : National Accounts-Based Inverse Problems ptl: Non-Extensive Entropy Econometrics for Low Frequency Series aug: au: Second Bwanakare su: Econometrics Maximum entropy method Business cycles sug: subj: BUSINESS & ECONOMICS / Econometrics BUSINESS & ECONOMICS / Economics / General POLITICAL SCIENCE / Public Policy / Economic Policy Econometrics Maximum entropy method Business cycles ab: 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. pubtype: eBook doctype: Book ougenre: Book language: English copyright: @attributes: flag: N copyrightText: holdings: @attributes: islocal: N |
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