Specification and estimation of a dynamic disequilibrium model

Specification and estimation of a dynamic disequilibrium model

A disequilibrium model is considered, in which unsatisfied demand or supply in any given period carries over into the next period. An estimation procedure based on a LIML approach is then suggested.

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Veröffentlicht in:Economics letters 1980, Vol.5 (4), p.323-328
1. Verfasser: Dagenais, Marcel G.
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Sprache:eng
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container_end_page 328
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container_title Economics letters
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creator Dagenais, Marcel G.
description A disequilibrium model is considered, in which unsatisfied demand or supply in any given period carries over into the next period. An estimation procedure based on a LIML approach is then suggested.
doi_str_mv 10.1016/0165-1765(80)90125-1
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title Specification and estimation of a dynamic disequilibrium model
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