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Models with Simultaneous Equations for Local Development

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Author Info

  • Ani MATEI

    (National School of Political Studies and Public Administration, Bucharest)

  • Stoica ANGHELESCU

    (National School of Political Studies and Public Administration, Bucharest)

Abstract

his paper presents a model based on simultaneous equations with statistical determined parameters for describing the evolution of important issues relating to local development. The main issues considered are public and private business development environment, employment, demography, social comfort, etc. Parameter estimation with simultaneous equations model was done by procedures implemented in EViews using empirical data sets from city Braila, Romania, for the period 2000 to 2005. Applying the Durbin-Watson test, results were compared for the simultaneous equations model where the parameters were estimated by twostage least squares method.

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Bibliographic Info

Article provided by Asociatia Generala a Economistilor din Romania - AGER in its journal Theoretical and Applied Economics.

Volume (Year): 1(542) (2010)
Issue (Month): 1(542) (January)
Pages: 27-48

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Handle: RePEc:agr:journl:v:1(542):y:2010:i:1(542):p:27-48

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Related research

Keywords: simultaneous equations models; local development; systemic models.;

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Cited by:
  1. Anghelescu, Stoica & Matei, Lucica, 2010. "Keynesian Substantiation of the Marketing Policies in Local Developmen t," Apas Papers 71, Academic Public Administration Studies Archive - APAS.
  2. Feng Dai & Jianping Qi & Saravanan Muthaiyah & Ling Liang, 2011. "Socio-economic development model based on stochastic advance-retreat course: An analysis on US economy in recent 70 years," International Journal of Social Economics, Emerald Group Publishing, vol. 38(5), pages 416-437, April.

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