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The Generic Properties of Equilibrium Correction Mechanisms

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Author Info
Gunnar Bårdsen () (Department of Economics, Norwegian University of Science and Technology)
Stan Hurn () (School of Economics and Finance, Queensland University of Technology)
Kenneth Lindsay (Department of Mathematics, University of Glasgow)

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Abstract

Linear dynamic equilibrium correction mechanisms are shown to follow from the discretisation of continuous economic processes with steady-state solutions. In addition, the proposed procedure on the coefficients of the dynamic econometric model.

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File URL: http://www.svt.ntnu.no/iso/WP/2002/4aug99.pdf
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Publisher Info
Paper provided by Department of Economics, Norwegian University of Science and Technology in its series Working Paper Series with number 0402.

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Length: 5 pages
Date of creation: 06 Aug 1999
Date of revision:
Handle: RePEc:nst:samfok:0402

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Related research
Keywords: Equilibrium correctionn dynamic modelling difference schemes power series representation

Find related papers by JEL classification:
C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General

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  1. Kathleen Goffey & Andrew Worthington, 2002. "Motor Vehicle Usage Patterns in Australia: A Comparative Analysis of Driver, Vehicle & Purpose Characteristics for Household & Freight Travel," School of Economics and Finance Discussion Papers and Working Papers Series 117, School of Economics and Finance, Queensland University of Technology. [Downloadable!]
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This page was last updated on 2008-11-7.


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