Model
Digital Document
Publisher
Florida Atlantic University
Description
This thesis presents various formulations of finite distributed
lag models. The objective is to demonstrate how
prior restrictions may be imposed on econometric models in
order to estimate the lag distributions. Four formulations
are thus reviewed, namely, the arithmetic lag model, the
inverted-V lag model, the Almon polynomial, and the cubic
spline lag model. For the latter formulations, the interpolation
methods are reviewed. In addition, four models of
consumption are estimated under the various lag models, for
different lag lengths and orders of polynomials, in order
to demonstrate the properties of each formulation. In the
discussion of the results, certain inferences are made
about the consumption functions.
lag models. The objective is to demonstrate how
prior restrictions may be imposed on econometric models in
order to estimate the lag distributions. Four formulations
are thus reviewed, namely, the arithmetic lag model, the
inverted-V lag model, the Almon polynomial, and the cubic
spline lag model. For the latter formulations, the interpolation
methods are reviewed. In addition, four models of
consumption are estimated under the various lag models, for
different lag lengths and orders of polynomials, in order
to demonstrate the properties of each formulation. In the
discussion of the results, certain inferences are made
about the consumption functions.
Member of