Nonlinear Economic Models
Cross-sectional, Time Series and Neural Network Applications
Edited by John Creedy, The Truby Williams Professor of Economics, University of Melbourne, Australia and Vance L. Martin, former Associate Professor in Economics, University of Melbourne, Australia
Hardback £90.00 on-line price £81.00
Nonlinear modelling has become increasingly important and widely used in economics. This valuable book brings together recent advances in the area including contributions covering cross-sectional studies of income distribution and discrete choice models, time series models of exchange rate dynamics and jump processes, and artificial neural network and genetic algorithm models of financial markets. Attention is given to the development of theoretical models as well as estimation and testing methods with a wide range of applications in micro and macroeconomics, labour and finance.
Contents: Part I: Introduction 1. Nonlinear Modelling: An Introduction Part II: Cross-sectional Applications 2. A Model of Income Distribution 3. Truncated Distribution Families 4. Betit: A Flexible Binary Choice Model 5. Estimation of Generalised Distributions 6. Age and the Distribution of Earnings 7. Count Data and Discrete Distributions Part III: Time Series Applications 8. A Model of the Real Exchange Rate 9. Jump Models and Higher Moments 10. A Topological Test of Chaos 11. Genetic Algorithms and Trading Rules Part IV: Neural Network Applications 12. Artificial Neural Networks 13. An ANN Model of the Stock Market 14. Exchange Rate Forecasting Models Index