Advertisement

A Maximum Entropy Approach to the Specification of Distributed Lags

Chapter
  • 89 Downloads
Part of the Advanced Studies in Theoretical and Applied Econometrics book series (ASTA, volume 25)

Abstract

The maximum entropy (ME) criterion is used to justify three different specifications of distributed lags. For lag distributions in several dimensions, the ME criterion yields a considerable simplification.

Keywords

Maximum Entropy Bilinear Term International Economic Review Considerable Simplification Stochastic Independence 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Johnson, N.L., and S. Kotz: 1970, Continuous Univariate Distributions — 1, Houghton Mifflin Company, Boston, Massachusetts.Google Scholar
  2. Koyck, L.M.: 1954, Distributed Lags and Investment Analysis, North-Holland, Amsterdam.Google Scholar
  3. Lev, B., and H. Theil: 1978, “A Maximum Entropy Approach to Choice of Asset Depreciation,” Journal of Accounting Research, 16, 286–293.CrossRefGoogle Scholar
  4. Schmidt, P.: 1974, “An Argument for the Usefulness of the Gamma Distributed Lag Model,” International Economic Review, 15, 247–250.CrossRefGoogle Scholar
  5. Tribus, M.: 1969, Rational Descriptions, Decisions and Designs, Pergamon Press, New York.Google Scholar
  6. Tsurumi, H.: 1971, “A Note on Gamma Distributed Lags,” International Economic Review, 12, 317–324.CrossRefGoogle Scholar

Copyright information

© Springer Science+Business Media Dordrecht 1992

Authors and Affiliations

  1. 1.University of ChicagoChicagoUSA
  2. 2.University of Southern CaliforniaLos AngelesUSA

Personalised recommendations