Artificial neural networks versus multivariate statistics: An application from economics
An artificial neural network is a computer model that mimics the brain's ability to classify patterns or to make forecasts based on past experience. This paper explains the underlying theory of the widely used back-propagation algorithm and applies this procedure to a problem from the field of international economics, namely the identification of countries that are likely to seek a rescheduling of their international debt-service obligations. A comparison of the results with those obtained from three multivariate statistical procedures applied to the same data set suggests that neural networks are worthy of consideration by the applied economist.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 26 (1999)
Issue (Month): 8 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/CJAS20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/CJAS20|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Homi Kharas, 1984. "The Long-Run Creditworthiness of Developing Countries: Theory and Practice," The Quarterly Journal of Economics, Oxford University Press, vol. 99(3), pages 415-439.
- Javeed Nizami, SSAK & Al-Garni, Ahmed Z, 1995. "Forecasting electric energy consumption using neural networks," Energy Policy, Elsevier, vol. 23(12), pages 1097-1104, December.
- Feder, Gershon & Just, Richard E., 1977. "A study of debt servicing capacity applying logit analysis," Journal of Development Economics, Elsevier, vol. 4(1), pages 25-38, February.
- Frank, Charles Jr. & Cline, William R., 1971. "Measurement of debt servicing capacity: An application of discriminant analysis," Journal of International Economics, Elsevier, vol. 1(3), pages 327-344, August.
- Pierre Dhonte, 1975. "Describing External Debt Situations: A Roll-over Approach (La description de l'endettement extÃ©rieur: l'approche du refinancement) (La refinanciaciÃ³n y su utilidad para la descripciÃ³n de situacione," IMF Staff Papers, Palgrave Macmillan, vol. 22(1), pages 159-186, March.
When requesting a correction, please mention this item's handle: RePEc:taf:japsta:v:26:y:1999:i:8:p:909-921. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.