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Models with simultaneous equations for local development
[journal article]
Abstract This paper presents a model based on simultaneous equations with statistical determined parameters for describing the evolution of important issues relating to local development. The main issues considered are public and private business development environment, employment, demography, social comfor... view more
This paper presents a model based on simultaneous equations with statistical determined parameters for describing the evolution of important issues relating to local development. The main issues considered are public and private business development environment, employment, demography, social comfort, etc. Parameter estimation with simultaneous equations model was done by procedures implemented in EViews using empirical data sets from city Braila, Romania, for the period 2000 to 2005. Applying the Durbin-Watson test, results were compared for the simultaneous equations model where the parameters were estimated by twostage least squares method.... view less
Keywords
Romania; economic development (on national level); town; regional development; model; estimation
Classification
Methods and Techniques of Data Collection and Data Analysis, Statistical Methods, Computer Methods
Area Development Planning, Regional Research
Method
empirical
Free Keywords
simultaneous equations models; local development; systemic models
Document language
English
Publication Year
2010
Page/Pages
p. 27-49
Journal
Theoretical and Applied Economics, XVII (2010) 1 (542)
Status
Published Version; reviewed
Licence
Deposit Licence - No Redistribution, No Modifications