This volume presents mathematical formulas and theorems common to economics. It includes both formulas like Roy's identity that are peculiar to economics and formulas like Leibniz's rule that are common to many areas of applied mathematics. The volume is meant to be a reference work, to be used...

1. Introduction -- I. Finite Order Vector Autoregressive Processes -- 2. Stable Vector Autoregressive Processes -- 3. Estimation of Vector Autoregressive Processes -- 4. VAR Order Selection and Checking the Model Adequacy -- 5. VAR Processes with Parameter Constraints -- II. Infinite Order...

This book explores the econometric implications of a policy-maker's learning. In a simple discrete model the policymaker maximizes the discounted sum of tax revenues subject to a constraint which involves an unknown parameter specifying the occurrence of Bayesian learning. An optimal balance...

Die extrem ungleiche regionale Einkommensverteilung in Südafrika insbesondere zwischen den Homelands auf der einen und den übrigen Landesteilen auf der anderen Seite hat zu einer Reihe von industriellen Dezentralisierungsprogrammen mit dem Ziel einer Verringerung dieser Ungleichheit geführt....