Models with Simultaneous Equations for Local Development
This paper presents a model based on simultaneous equations with statistical determined parameters for describing the evolution of important issues relating to local development. The main issues considered are public and private business development environment, employment, demography, social comfor...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2010-01-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/435.pdf
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| Summary: | This paper presents a model based on simultaneous equations with
statistical determined parameters for describing the evolution of important issues
relating to local development. The main issues considered are public and private
business development environment, employment, demography, social comfort, etc.
Parameter estimation with simultaneous equations model was done by procedures
implemented in EViews using empirical data sets from city Braila, Romania, for the
period 2000 to 2005. Applying the Durbin-Watson test, results were compared for
the simultaneous equations model where the parameters were estimated by twostage
least squares method. |
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| ISSN: | 1841-8678 1844-0029 |