On the Cost of Approximate Specification in Simultaneous Equation Estimation

Econometrica ◽  
1961 ◽  
Vol 29 (2) ◽  
pp. 139 ◽  
Author(s):  
Franklin M. Fisher
2021 ◽  
Author(s):  
Devesh Singh

Abstract This article aims to investigate the linkage among CO2 emissions, Foreign Direct Investment (FDI), economic growth, Gross Value Added (GVA) of different sectors namely agriculture, service, manufacturing, and resource extensive industries including construction sectors in four European regions Eastern Europe (EE), Southern Europe (SE), Northern Europe (NE) and Western Europe (WE). To do, this article uses the 3SLS simultaneous equation estimation during the period of 2000 to 2018. This study is the extension of seeing the challenges in policy implication in reducing CO2 emission in technologically rich economies. This article concluded that the causality among variables CO2 emission, economic growth, FDI, and all four sectors GVA is varied according to the regions. However, the CO2 emission has bidirectional causality with each industrial sector's GVA.


1968 ◽  
Vol 5 (4) ◽  
pp. 362-368 ◽  
Author(s):  
John U. Farley ◽  
Harold J. Leavitt

A five equation model of the Jamaican distribution structure is fitted to data on four branded personal products. Decision rules appear oriented toward sales for retailers, wholesalers, importers, and manufacturers, and some policy implications for stimulating the structure are suggested. Problems associated with procedures for fitting sets of equations and examples of the effects of multi-collinearity on simultaneous equation estimation are discussed.


1983 ◽  
Vol 1 (5) ◽  
pp. 229-232
Author(s):  
Denzil G Fiebig ◽  
Sartaj A Kidwai ◽  
Henri Theil

2020 ◽  
Vol 9 (1) ◽  
pp. 137-152
Author(s):  
Kartika Pramahesti ◽  
Djoni Hartono

 This research aimed to determine the effects of financial development on the consumption of energy through the economic growth channels in ASEAN+3 in 1990 – 2013. Whether or not the financial development affected the energy consumption directly is still unclear, depending on how the efficiency of economic development takes place. The present research tried to complete the slit by evaluating the indirect effects of financial development through economic growth.  The GMM method was applied to solve the endogenic problem of the simultaneous equation, resulting in an unbiased and consistent estimator. There was significant positive leverage of both the economic development and urbanization on the utilization of energy, while the cost of energy adversely affected its utilization. Also, there was a significant positive effect of financial growth in banking and share market on the utilization of energy, where the effect of the banking sector was stronger than that of the share market.JEL Classification: O13, O57, Q43How to Cite:Pramahesti, K., & Hartono, D. (2020). Energy, Economic Growth, and Financial Development in ASEAN+3. Signifikan: Jurnal Ilmu Ekonomi, Vol. 9(1), 137-152. doi: http://dx.doi.org/10.15408/sjie.v9i1.13536


Sign in / Sign up

Export Citation Format

Share Document