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Dynamic Structural Models: Problems and Prospects. Mixed Continuous Discrete Controls and Market Interactions


Author Info

  • Ariel Pakes

    (Yale University)


This paper reviews dynamic structural econometric models with both continuous and discrete controls, and those with market interactions. Its goal is to highlight techniques which enable researchers to obtain estimates of the parameters of models with these characteristics, and then use the estimates in subsequent descriptive and policy analysis. In an attempt to increase the accessibility of structural modeling, emphasis has been laid on estimation techniques which, though consistent with the underlying structural model, are computationally simple. The extent to which this is possible depends on the characteristics of the applied problem of interest, so the paper ends up covering more than one topic.

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Bibliographic Info

Paper provided by Cowles Foundation for Research in Economics, Yale University in its series Cowles Foundation Discussion Papers with number 984.

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Length: 129 pages
Date of creation: Jul 1991
Date of revision:
Publication status: Published in J.J. Laffont and C. Sims (eds.), Advances in Econometrics: Proceedings of the 6th World Congress of the Econometric Society, 1994, Ch. 5, pp. 171-259
Handle: RePEc:cwl:cwldpp:984

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Postal: Yale University, Box 208281, New Haven, CT 06520-8281 USA
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Postal: Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA

Related research

Keywords: Dynamic model; structural model;

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