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Least Squares Estimation Of Distributed Lag Models: Relationships Between Actual And First Difference Equations

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  • Subotnik, Abraham
  • Houck, James P.

Abstract

The purpose of this paper is to focus on the rigidity model and illustrate some relationships between the typical use of the model and a version of it involving first differences in the dependent variable. These relationships will be extended to least squares estimation of rigidity models. A useful correspondence between least squares estimates of the typical model and the first difference model will be demonstrated.

Suggested Citation

  • Subotnik, Abraham & Houck, James P., 1970. "Least Squares Estimation Of Distributed Lag Models: Relationships Between Actual And First Difference Equations," Staff Papers 13710, University of Minnesota, Department of Applied Economics.
    • Handle: RePEc:ags:umaesp:13710
    DOI: 10.22004/ag.econ.13710
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    References listed on IDEAS

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    1. Marc Nerlove, 1958. "Distributed lags and Estimation of Long-Run Supply and Demand Elasticities: Theoretical Considerations," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 40(2), pages 301-310.
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