The Cambridge Multisectoral Dynamic Model

An econometric 1998 analysis of single and simultaneous-equation models where the jointly dependent variables can be continuous, categorical, or truncated.

List of tables; List of figures; Foreword; Preface; Conventions; 1. Introduction Terry Barker; Part I. The Model as a System: 2. Theory and method Terry Barker and William Peterson; 3. The accounting framework and the data Terry Barker and Martin Weale; 4. The complete model Terry Barker; 5. Estimation William Peterson; 6. Computer software for a large econometric model William Peterson; Part II. Different Economic Sectors of the Model: 7. Consumers' expenditure Vani Borooah; 8. Fixed investment William Peterson; 9. Stockbuilding Michael Landesmann; 10. Exports and imports Terry Barker; 11. Employment William Peterson; 12. The demand for energy William Peterson; 13. Industrial prices and profits Martin Weale; 14. Export and import prices Terry Barker; 15. Incomes policy and earnings Tony Lawson; 16. Social security benefits and personal income tax Don Sharpe; 17. The company sector Andrew Goudie, Geoffrey Meeks and Martin Weale; 18. Financial stocks and returns Martin Weale; 19. Sterling exchange rate Andrew Snell; Appendix; List of variables in MDM6; Bibliography; Index of authors; Index of subjects.