Non Extensive Entropy Econometrics For Low Frequency Series

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Non Extensive Entropy Econometrics For Low Frequency Series

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Author : Second Bwanakare
language : en
Publisher: De Gruyter Open
Release Date : 2017-07-24

Non Extensive Entropy Econometrics For Low Frequency Series written by Second Bwanakare and has been published by De Gruyter Open this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-24 with categories.

Non-extensive Entropy Econometrics for Low Frequency Series provides a new and robust power-law-based, non-extensive entropy econometrics approach to the economic modelling of ill-behaved inverse problems. Particular attention is paid to national account-based general equilibrium models known for their relative complexity. In theoretical terms, the approach generalizes Gibbs-Shannon-Golan entropy models, which are useful for describing ergodic phenomena. In essence, this entropy econometrics approach constitutes a junction of two distinct concepts: Jayne's maximum entropy principle and the Bayesian generalized method of moments. Rival econometric techniques are not conceptually adapted to solving complex inverse problems or are seriously limited when it comes to practical implementation. Recent literature showed that amplitude and frequency of macroeconomic fluctuations do not substantially diverge from many other extreme events, natural or human-related, once they are explained in the same time (or space) scale. Non-extensive entropy is a precious device for econometric modelling even in the case of low frequency series, since outputs evolving within the Gaussian attractor correspond to the Tsallis entropy limiting case of Tsallis q-parameter around unity. This book introduces a sub-discipline called Non-extensive Entropy Econometrics or, using a recent expression, Superstar Generalised Econometrics. It demonstrates, using national accounts-based models, that this approach facilitates solving nonlinear, complex inverse problems, previously considered intractable, such as the constant elasticity of substitution class of functions. This new proposed approach could extend the frontier of theoretical and applied econometrics.

Complexity In Economic And Social Systems

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Author : Stanisław Drożdż
language : en
Publisher: MDPI
Release Date : 2021-05-11

Complexity In Economic And Social Systems written by Stanisław Drożdż and has been published by MDPI this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-11 with Business & Economics categories.

There is no term that better describes the essential features of human society than complexity. On various levels, from the decision-making processes of individuals, through to the interactions between individuals leading to the spontaneous formation of groups and social hierarchies, up to the collective, herding processes that reshape whole societies, all these features share the property of irreducibility, i.e., they require a holistic, multi-level approach formed by researchers from different disciplines. This Special Issue aims to collect research studies that, by exploiting the latest advances in physics, economics, complex networks, and data science, make a step towards understanding these economic and social systems. The majority of submissions are devoted to financial market analysis and modeling, including the stock and cryptocurrency markets in the COVID-19 pandemic, systemic risk quantification and control, wealth condensation, the innovation-related performance of companies, and more. Looking more at societies, there are papers that deal with regional development, land speculation, and the-fake news-fighting strategies, the issues which are of central interest in contemporary society. On top of this, one of the contributions proposes a new, improved complexity measure.

Governance And Financial Performance Current Trends And Perspectives

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Author : Constantin Zopounidis
language : en
Publisher: World Scientific
Release Date : 2023-02-10

Governance And Financial Performance Current Trends And Perspectives written by Constantin Zopounidis and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-02-10 with Business & Economics categories.

This book focuses on corporate governance and proposes a novel framework for combining the Corporate Governance Framework (CGF) with current corporate finance issues arising in the Contemporary Business Environment (CBE) and cointegrating them with today's business needs. It consists of a good collection of state-of-the-art approaches that will be useful for new researchers and practitioners working in this field, helping them to quickly grasp the current state of corporate governance and corporate financial performance.Good corporate governance is not only important for companies, but also for the society. To begin with, good corporate governance strengthens the public's faith and trust in corporate governance. Legislative processes were developed to protect the society from known threats and prevent problems from occurring or recurring. Recent corporate scandals shed light on the impact that corporations have on social responsibility. The new focus on the corporate governance framework increases the responsibility and accountability of companies to their stakeholders and provides a solid framework for enhancing corporate performance.

Gospodarka I Entropia Jak Wyj Z Polikryzysu

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Author : Edwin Bendyk
language : pl
Publisher: Wydawnictwo Naukowe Scholar
Release Date : 2023-11-28

Gospodarka I Entropia Jak Wyj Z Polikryzysu written by Edwin Bendyk and has been published by Wydawnictwo Naukowe Scholar this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-11-28 with Science categories.

Ta publikacja może pełnić funkcję ważnego podręcznika czy przewodnika pokazującego sposoby rozwijania nowych wyobrażeń o ekonomii. Autorzy proponują całościowy, alternatywny język mówienia o gospodarce i kryzysach, co jest konieczne do tego, aby odejść od zgubnej oczywistości oddzielnego zajmowania się ekonomią, społeczeństwem i technologią. Książka jest świadectwem prawdziwej interdyscyplinarności, pokazującej, że nie można redukować ekonomii do zaspokajania potrzeb w porządku czysto materialnym, ponieważ wszystkie pojęcia ekonomiczne angażują i mobilizują cały system. Zaprezentowane w książce stanowiska będą wzbudzać dyskusje. Cieszę się, że mogłam być jedną z pierwszych czytelniczek pierwszej takiej pracy napisanej w języku polskim. z recenzji prof. Małgorzaty Jacyno (Uniwersytet Warszawski) To jedna z ciekawszych i ambitniejszych prób holistycznego spojrzenia na procesy gospodarcze, z uwzględnieniem działania praw termodynamiki, samoorganizacji systemów żywych i zmian klimatu wskutek działalności człowieka. Stanowi interesującą próbę połączenia pozornie odległych dziedzin i dyscyplin naukowych, jakimi są fizyka (w tym energetyka), nauki społeczne (w tym ekonomia i nauki o polityce) i nauki przyrodnicze. Hausner i Krzykawski, jako redaktorzy i współautorzy tej publikacji, pokazują nowe kierunki badań w ekonomii oraz zdecydowaną przewagę badań interdyscyplinarnych nad wąskospecjalistycznymi. Odbiorcami tej książki powinni być wszyscy ci, którym bliska jest problematyka transformacji energetycznej, a także budowa regeneracyjnych systemów gospodarczych, społecznych i przyrodniczych, w tym złożonych systemów terytorialnych. z recenzji prof. Tadeusza Markowskiego (Uniwersytet Łódzki)

Bayesian Analysis In Statistics And Econometrics

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Author : Donald A. Berry
language : en
Publisher: John Wiley & Sons
Release Date : 1996

Bayesian Analysis In Statistics And Econometrics written by Donald A. Berry and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business & Economics categories.

This book is a definitive work that captures the current state of knowledge of Bayesian Analysis in Statistics and Econometrics and attempts to move it forward. It covers such topics as foundations, forecasting inferential matters, regression, computation and applications.

Information And Entropy Econometrics

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Author : Amos Golan
language : en
Publisher: Now Publishers Inc
Release Date : 2008

Information And Entropy Econometrics written by Amos Golan and has been published by Now Publishers Inc this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Business & Economics categories.

Information and Entropy Econometrics - A Review and Synthesis summarizes the basics of information theoretic methods in econometrics and the connecting theme among these methods. The sub-class of methods that treat the observed sample moments as stochastic is discussed in greater details. I Information and Entropy Econometrics - A Review and Synthesis -focuses on inter-connection between information theory, estimation and inference. -provides a detailed survey of information theoretic concepts and quantities used within econometrics and then show how these quantities are used within IEE. -pays special attention for the interpretation of these quantities and for describing the relationships between information theoretic estimators and traditional estimators. Readers need a basic knowledge of econometrics, but do not need prior knowledge of information theory. The survey is self contained and interested readers can replicate all results and examples provided. Whenever necessary the readers are referred to the relevant literature. Information and Entropy Econometrics - A Review and Synthesis will benefit researchers looking for a concise introduction to the basics of IEE and to acquire the basic tools necessary for using and understanding these methods. Applied researchers can use the book to learn improved new methods, and applications for extracting information from noisy and limited data and for learning from these data.

Summaries Of Projects Completed

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Author : National Science Foundation (U.S.)
language : en
Publisher:
Release Date :

Summaries Of Projects Completed written by National Science Foundation (U.S.) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with Engineering categories.

The Dynamics Of Business Cycles

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Author : Michael Reiter
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

The Dynamics Of Business Cycles written by Michael Reiter and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.

This study is a revised version of my doctoral dissertation at the Economics Department of the University of Munich. I want to take the opportunity to express my gratitude to some people who have helped me in my work. My greatest thanks go to the supervisor of this dissertation, Professor Claude Billinger. Bis ideas have formed the basis of my work. Be permanently sup ported it with a host of ideas, criticism and encouragement. Furthermore, he provided a stimulating research environment at SEMECON. This study would not have been possible in this form without the help of my present and former colleagues at SEMECON. I am indebted to Rudolf Kohne-Volland, Monika Sebold-Bender and Ulrich Woitek for providing soft ware and guidance for the data analysis. Discussions with them and with Thilo Weser have helped me to take many hurdles, particularly in the early stages of the project. My sincere thanks go to them all. I had the opportunity to present a former version of my growth model at a workshop of Professor Klaus Zimmermann. I want to thank all the parti cipants for their helpful comments. I also acknowledge critical and constructive comments from an anonymous referee. Table of Contents Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Part I. Methodology 1. Importance of Stylized Facts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 1.1 Limitations of statistical testing. . . . . . . . . . . . . . . . . . . . . . . . . . 9 1.2 Evaluating economic models. . . . . . . . . . . . . . . . . . .. . . . 11 . . . . . . 2. Further Methodological Issues . . . . . . . . . . . . . . . . . .. . . . 13 . . . . . .

Complex Systems In Finance And Econometrics

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Author : Robert A. Meyers
language : en
Publisher: Springer Science & Business Media
Release Date : 2010-11-03

Complex Systems In Finance And Econometrics written by Robert A. Meyers and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-11-03 with Business & Economics categories.

Finance, Econometrics and System Dynamics presents an overview of the concepts and tools for analyzing complex systems in a wide range of fields. The text integrates complexity with deterministic equations and concepts from real world examples, and appeals to a broad audience.

Optimal Regulation

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Author : Kenneth Train
language : en
Publisher: Mit Press
Release Date : 1991

Optimal Regulation written by Kenneth Train and has been published by Mit Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Business & Economics categories.

Optimal Regulation addresses the central issue of regulatory economics - how toregulate firms in a way that induces them to produce and price "optimally." It synthesizes the majorfindings of an extensive theoretical literature on what constitutes optimality in various situationsand which regulatory mechanisms can be used to achieve it. It is the first text to provide aunified, modern, and nontechnical treatment of the field.The book includes models for regulatingoptimal output, tariffs, and surplus subsidy schemes, and presents all of the material graphically,with clear explanations of often highly technical topics.Kenneth E. Train is Associate AdjunctProfessor in the Department of Economics and Graduate School of Public Policy at the University ofCalifornia, Berkeley. He is also Principal of the firm Cambridge Systematics.Topics include: Thecost structure of natural monopoly (economies of scale and scope). Characterization of firstandsecond-best optimality. Surplus subsidy schemes for attaining first-best optimality. Ramsey pricesand the Vogelsang-Finsinger mechanism for attaining them. Time-ofuse (TOU) prices and Riordan'smechanisms for attaining the optimal TOU prices' Multipart and self-selecting tariffs, and Sibley'smethod for using self-selecting tariffs to achieve optimality. The Averch-Johnson model of howrate-of-return regulation induces inefficiencies. Analysis of regulation based on the firm's returnon Output, costs, or sales. Price-cap regulation. Regulatory treatment of uncertainty and its impacton the firm's behavior. Methods of attaining optimality without direct regulation (contestability,auctioning the monopoly franchise.)