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Henri Theil’s Contributions to Economics and Econometrics: Volume II: Consumer Demand Analysis and Information Theory PDF

462 Pages·1992·12.734 MB·English
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Preview Henri Theil’s Contributions to Economics and Econometrics: Volume II: Consumer Demand Analysis and Information Theory

HENRI THEIL'S CONTRIBUTIONSTO ECONOMICSAND ECONOMETRICS Advanced Studies in Theoretical and Applied Econometrics Volume24 Managing Editors: A.J. Hughes Hallet, University of Strathclyde, Glasgow, United Kingdom J. Marquez, The Federal Reserve System, Washington, D.C., US.A. Editorial Board: F.G. Adams, University of Pennsylvania, Philadelphia, US.A. P. Balestra, University of Geneva, Switzerland M.G. Dagenais, University of Montreal, Canada D. Kendrick, University of Texas, Austin, US.A. J.H.P. Paelinck, Netherlands Economic Institute, Rotterdam, The Netherlands R.S. Pindyck, Sloane School of Management, M.I. T., US.A. H. Theil, University of Florida, Gainesville, US.A. W. Welfe, University of Lodz, Poland The titles published in this series are listed at the end of this vo/ume. Henri Theil's Contributions to Economics and Econometrics Volume 11: Consumer Demand Analysis and Information Theory Edited by Baldev Raj Wilfrid Laurier University, Water/oo, Ontario, Canada and Johan Koerts Erasmus University, Rotterdam, The Nether/ands .... " SPRINGER SCIENCE+BUSINESS MED~ B.V. Library of Congress Cataloging-in-Publication Data (Revised for vol. 2) Henri Theil's contribution to economics and econometrics / edited by Baldev Raj, J. Koerts. p. cm. - (Advanced studies in theoretical and applie·' econometrics: V. 23, 24) Includes index. Contents: v. 1. Econometric theory and methodology. - v. 2. Consumer demand analysis and information theory. ISBN 978-94-010-5062-3 ISBN 978-94-011-2408-9 (eBook) DOI 10.1007/978-94-011-2408-9 1. Theil, Henri - Contributions to Econometrics. I. Theil, Henri. 11. Raj, Baldev, 1941- III. Koerts, J. IV. Series. HB139.H46 1991 330'01'5195 91-38183 ISBN 978-94-010-5062-3 Printed on acid-tree paper All Rights Reserved © 1992 Springer Science+Business Media Dordrecht Originally published by K1uwer Academic Publishers in 1992 Softcover reprint cf the hardcover 1s t edition 1992 as specified on appropriate pages within. No part of the material protected by this copyright notice may be reproduced or utilized in any form or by any means, eleclronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without written permission from the copyright owner. DEDICATION To Eleonore Theil Balbeer Raj and Maria Koerts Contents CONTENTS OF THE COLLECTION VOLUME I PART ONE: INTRODUCTION AND OVERVIEW Chapter 1 Henri Theil's Biography and his Contributions to Economics and Econometrics: An Overview Baldev Raj Chapter 2 Professor Theil's Contribution to Economics Johan Koerts Chapter 3 Theil's Citation Classics 1. CitationClassic: EconomicsandInformationTheory Henri Theil 2. Citation Classic: Preprinting Principles of Econometrics Henri Theil 3. Citation Classic: Econometric Research in the Early 1950s, Economic Forecasts and Policy Henri Theil Chapter 4 Theil's Work History and Biographical Data 1. Present Position 2. Previous Positions 3. Education and Honours 4. Visiting and OtherAppointments 5. Professional Societies 6. Editorial Activities 7. Dissertations Supervised Appendix A Visitors (Guests): 1957 - 1991 Appendix B List of Names ofCo-authors viii B. Raj andJ. Koerts Chapter 5 Theil's Annotated Bibliography PART TWO: ECONOMETRIC THEORY AND METHODOLOGY Section 2.1 Structural Equations Chapter 6 Estimation and Simultaneous Correlation in Complete Equation Systems Henri Theil Chapter 7 Estimation of Parameters of Econometric Models Henri Theil Chapter 8 Some Recent Work of H. Theil on Estimation in Systems of Simultaneous Equations Roy Radner and Francis Bobkoski Chapter 9 The Aggregation Implications of Identifiable Structural Macrorelations Henri Theil Chapter 10 Three-Stage Least-Squares: Simultaneous Estimation of Simultaneous Equations ArnoldZellner and Henri Theil Section 2.2 Systems of Equations Chapter 11 A Multinomial Extension ofthe Linear Logit Model Henri Theil Chapter 12 Recent Methodological Advances in Economic Equation Systems Henri Theil and Kenneth W. Clements Chapter 13 Lp-Norm Estimation of Non-Linear Systems HenriTheil,MercedesC.Rosa/sky,andWalterS.McManus Contents ix Section 2.3 The Relationship Between Time Series Models and Econometric Models Chapter 14 The Final Form ofEconometric Equation Systems Henri Theil and J.e.G. Boot Section 2.4 Measuring Expectations from Business Opinion Surveys Chapter 15 Results of a Survey on Entrepreneurial Behaviour Patterns Henri Theil and W. van Schaik Chapter 16 On the Time Shape of Economic Microvariables and the Munich Business Test Henri Theil Chapter 17 Recent Experiences with the Munich Business Test: An Expository Article Henri Theil Section 2.5 Mixed Statistical Estimation Chapter 18 On Pure and Mixed Statistical Estimation in Economics Henri Theil and A.S. Goldberger Chapter 19 Mixed Estimation Based on Quasi-Prior Judgments Henri Theil Section 2.6 Multiple Regression Analysis Chapter 20 A Rank-Invariant Method of Linear and Polynomial Regression Analysis, Parts I, II and III Henri Theil Chapter 21 On the Efficiency of Wald's Method of Fitting Straight Lines Henri Theil andJ. van IJzeren Chapter 22 Multiplicative Randomness in Time Series Regression Analysis Henri Theil andLB.M. Mennes x B. Raj andJ. Koerts Chapter 23 A Simple Unimodal Lag Distribution Henri Theil andRobert Stern Section 2.7 Analysis of Residuals and Tests for Regression Equations Chapter 24 Estimates and their Sampling Variance of Parameters of Certain Heteroscedastic Distributions Henri Theil Chapter 25 Specification Errors and the Estimation of Economic Relationships Henri Theil Chapter 26 Testing the Independence of Regression Disturbances Henri Theil andA.L. Nagar Chapter 27 The Analysis of Disturbances in Regression Analysis Henri Theil Chapter 28 A Simplification of the BLUS Procedure for Analyzing Regression Disturbances Henri Theil Section 2.8 Laitinen and Meisner: Simulations Chapter 29 Why is Demand Homogeneity So Often Rejected? K. Laitinen Chapter 30 TheSad Fateofthe Asymptotic SlutskySymmetryTestfor Large Systems IP. Meisner Section 2.9 Monte Carlo Tests Chapter 31 Monte Carlo Testing in Systems of Equations Henri Theil, T.G. Taylor andI.S. Shonkwiler Contents xi Section 2.10 Methodology Chapter 32 A Reconsideration ofthe Keynes-Tinbergen Discussion on Econometric Techniques Henri Theil Chapter 33 Some Developments of Economic Thought in the Netherlands Henri Theil Index VOLUME II PART THREE: DEMAND ANALYSIS Section 3.1 Three Early Papers Chapter 34 Qualities, Prices and Budget Enquiries Henri Theil Chapter 35 Substitution, Complementarity, and the Residual Variation Around Engel Curves Henri Theil and Heinz Neudecker Chapter 36 The Information Approach to Demand Analysis Henri Theil Section 3.2 Index Numbers Chapter 37 Best Linear Index Numbers ofPrices and Quantities Henri Theil Chapter 38 OntheGeometryandtheNumerical ApproximationofCost of Living and Real Income Indices Henri Theil Chapter 39 A New Index Number Formula Henri Theil

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