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1、DynamicEconomicModelsinDiscreteTimeEconomicbehaviourisinherentlydynamic.Whilethingschangecontinuouslyovertime,muchofeconomicanalysisisbasedondiscretetime,suchasamonth,aquarter,orayear,re?ectingtheperiodicnatureofdatacollectinganddecision-making.Thisbookintroducesanddevelopsthetec
2、hniquesofdiscretetimemodellingstartingwith?rst-orderdifferenceequationmodelsandbuildinguptosystemsofdifferenceequations,coveringthefollowingtopicsalongtheway:?nonlineardifferenceequationmodels?randomwalksandchaoticprocesses?optimizationindiscretetimemodelsThiseasy-to-followbookwi
3、llprimarilybeofinteresttoupper-levelstudentscarryingouteconomicmodelling.Thenatureofthebook–bridgingagapbetweendynamiceconomicmodelsandempiricalanalysis–willmeanthatitwillalsoappealtoallacademicswithaninterestineconometricsandmathematicaleconomics.BrianS.FergusonisAssociateProfes
4、sorofEconomicsattheUniversityofGuelph,Canada.G.C.LimisAssociateProfessorofEconomicsatMelbourneUniversity,Australia.DynamicEconomicModelsinDiscreteTimeTheoryandempiricalapplicationsBrianS.FergusonandG.C.LimFirstpublished2003byRoutledge11NewFetterLane,LondonEC4P4EESimultaneouslypub
5、lishedintheUSAandCanadabyRoutledge29West35thStreet,NewYork,NY10001RoutledgeisanimprintoftheTaylor&FrancisGroupThiseditionpublishedintheTaylor&Francise-Library,2005.“TopurchaseyourowncopyofthisoranyofTaylor&FrancisorRoutledge’scollectionofthousandsofeBookspleasegotowww.eBookstore.
6、tandf.co.uk.”?2003BrianS.FergusonandG.C.LimAllrightsreserved.Nopartofthisbookmaybereprintedorreproducedorutilisedinanyformorbyanyelectronic,mechanical,orothermeans,nowknownorhereafterinvented,includingphotocopyingandrecording,orinanyinformationstorageorretrievalsystem,withoutperm
7、issioninwritingfromthepublishers.BritishLibraryCataloguinginPublicationDataAcataloguerecordforthisbookisavailablefromtheBritishLibraryLibraryofCongressCataloginginPublicationDataFerguson,BrianS.Dynamiceconomicmodelsindiscretetime:theoryandempiricalapplications/BrianS.FergusonandG
8、.C.Lim.p.cm.Includesbibliographicalrefer
