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Economics in Theory and Practice: An Eclectic Approach

Essays in Honor of F. G. Adams

  • Book
  • © 1989

Overview

Editors:
  1. Lawrence R. Klein

    1. Department of Economics, University of Pennsylvania, USA

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    You can also search for this editor in PubMed   Google Scholar

  2. Jaime Marquez

    1. Division of International Finance, Federal Reserve Board, USA

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    You can also search for this editor in PubMed   Google Scholar

Part of the book series: Advanced Studies in Theoretical and Applied Econometrics (ASTA, volume 17)

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Table of contents (9 chapters)

  1. Front Matter

    Pages i-xii
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  2. Frontiers in Forecasting and Econometric Modelling

    1. Front Matter

      Pages 1-1
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    2. Combinations of High and Low Frequency Data in Macroeconometric Models

      • L. R. Klein, E. Sojo
      Pages 3-16

    3. Stochastic Simulation, Prediction and Validation of Nonlinear Models

      • Roberto S. Mariano, Bryan W. Brown
      Pages 17-36

    4. An Integrated Exhaustible Resource Model of Copper Market Dynamics

      • Walter C. Labys
      Pages 37-55

  4. Industrial Organisation and Government Policy

    1. Front Matter

      Pages 177-177
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    2. Previous Cartel Experience: Any Lessons for OPEC?

      • James M. Griffin
      Pages 179-206

    3. The Implications for Future Contingency Planning of the 1979 Gasoline Shortage

      • Leslie E. Grayson, Robert K. Morris
      Pages 207-225

    4. International Trade, Investment, and American Cities And Regions

      • Norman J. Glickman
      Pages 227-247

  5. Back Matter

    Pages 249-269
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Keywords

About this book

Lawrence Klein, University of Pennsylvania Jaime Marquez, Federal Reserve BoarrI* All examination of the economics literature over the last twenty years reveals a marked tendency towards polarisation. On the one hand, there has been a propensity to develop theoretical models which have little connection with either empirical verification or problems requiring immediate attention. On the other iland, empirical analyses are generally typified by testing for its own sake, with limited examination of the implications of the results. As a result, the number of papers confronting theory with facts towards the solution of economic problems has been on the decline for years. To fill this growing gap in the literature, we have invited a number of authors to write papers using both theoretical and empirical techniques to address current issues of interest to the profession at large: the US trade deficit and the global implications of policies that attempt to reduce it, the international ramifications of the debt crisis, the international oil market and its implications for the US oil industry, and the development of new econometric techniques. In addressing these issues, each author has approached the subject matter from an eclectic standpoint - that is, avoiding strict adherence to a given doctrine.

Reviews

... the book can be highly recommended. Journal of Economics

Editors and Affiliations

  • Department of Economics, University of Pennsylvania, USA

    Lawrence R. Klein

  • Division of International Finance, Federal Reserve Board, USA

    Jaime Marquez

About the editors

Jaime Marquez received his PhD in Economics from the University of Pennsylvania in 1983. Since then, he has been a staff economist of the Federal Reserve Board. He also serves as a professorial lecturer at the School of Advanced International Studies of Johns Hopkins University.

Bibliographic Information

  • Book Title: Economics in Theory and Practice: An Eclectic Approach

  • Book Subtitle: Essays in Honor of F. G. Adams

  • Editors: Lawrence R. Klein, Jaime Marquez

  • Series Title: Advanced Studies in Theoretical and Applied Econometrics

  • DOI: https://doi.org/10.1007/978-94-009-0463-7

  • Publisher: Springer Dordrecht

  • eBook Packages: Springer Book Archive

  • Copyright Information: Kluwer Academic Publishers 1989

  • Softcover ISBN: 978-94-010-6693-8Published: 26 September 2011

  • eBook ISBN: 978-94-009-0463-7Published: 06 December 2012

  • Series ISSN: 1570-5811

  • Series E-ISSN: 2214-7977

  • Edition Number: 1

  • Number of Pages: 280

  • Topics: Econometrics, International Economics, Development Economics

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