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ALTERNATIVE INCOME SPECIFICATION IN MACROECONOMIC MODELS
Title
ALTERNATIVE INCOME SPECIFICATION IN MACROECONOMIC MODELS.
Creator
MELEAR, ERIK LAMONT., Florida Atlantic University, Hemley, David D., College of Business, Department of Economics
Abstract/Description
This thesis emphasizes and evaluates the effect of different income specifications, absolute, relative and permanent, in the various stochastic equations comprising a macroeconomic model. Multiple least squares regression is employed to estimate the stochastic equations; and a dynamic multiplier simulation program evaluates the stability and calculates the impact and interim dynamic multipliers of each resultant model. The results point to an absolute income specification with the quickest...
Show moreThis thesis emphasizes and evaluates the effect of different income specifications, absolute, relative and permanent, in the various stochastic equations comprising a macroeconomic model. Multiple least squares regression is employed to estimate the stochastic equations; and a dynamic multiplier simulation program evaluates the stability and calculates the impact and interim dynamic multipliers of each resultant model. The results point to an absolute income specification with the quickest response to fiscal and monetary policy. In addition, there are inherent specification problems as enlightened by review of the size of the total impact multipliers.
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Date Issued
1975
PURL
http://purl.flvc.org/fcla/dt/13736
Subject Headings
Income--Mathematical models
Format
Document (PDF)
ANALYSIS OF PUBLIC EXPENDITURE FOR FLORIDA METROPOLITAN AND NON-METROPOLITAN COUNTIES
Title
AN ANALYSIS OF PUBLIC EXPENDITURE FOR FLORIDA METROPOLITAN AND NON-METROPOLITAN COUNTIES.
Creator
MURPHY, JOSEPH WILLIAM., Florida Atlantic University, Hemley, David D., College of Business, Department of Economics
Abstract/Description
This study deals with development, estimation, and application of a constrained welfare maximization model to the counties of the state of Florida. This model was suggested by James M. Henderson and is developed from microeconomic concepts. A survey of the literature concerning public expenditure begins the study. This is proceeded by the derivation of the regression equations which are derived from the concept of constrained welfare maximization. Estimation of the model involves aggregation...
Show moreThis study deals with development, estimation, and application of a constrained welfare maximization model to the counties of the state of Florida. This model was suggested by James M. Henderson and is developed from microeconomic concepts. A survey of the literature concerning public expenditure begins the study. This is proceeded by the derivation of the regression equations which are derived from the concept of constrained welfare maximization. Estimation of the model involves aggregation into metropolitan counties and non-metropolitan counties of Florida county data and the subsequent categorization of counties. Empirical estimation of the desired coefficient enables the exumination of the involved elasticities and the endogenous variable response to changes in the exogenous variables.
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Date Issued
1974
PURL
http://purl.flvc.org/fcla/dt/13652
Subject Headings
Expenditures, Public, Florida--Economic conditions
Format
Document (PDF)
STUDY OF BLACK-WHITE MALE INCOME DIFFERENTIALS - 1950, 1960, 1970
Title
A STUDY OF BLACK-WHITE MALE INCOME DIFFERENTIALS - 1950, 1960, 1970.
Creator
BOLES, KEITH EDWIN., Florida Atlantic University, Hemley, David D., College of Business, Department of Economics
Abstract/Description
Alternative models to explain the variability in income differentials. between Black males and White males over thirty-two Standard Metropolitan Statistical Areas (SMSAs) were estimated by ordinary least squares using cross-sectional data for each of three points in time - 1950, 1960, and 1970. Two models were tested for each time period . The Becker-type model used a Black-White male median income ratio as a dependent variable with age, education, three occupational mix variables, and...
Show moreAlternative models to explain the variability in income differentials. between Black males and White males over thirty-two Standard Metropolitan Statistical Areas (SMSAs) were estimated by ordinary least squares using cross-sectional data for each of three points in time - 1950, 1960, and 1970. Two models were tested for each time period . The Becker-type model used a Black-White male median income ratio as a dependent variable with age, education, three occupational mix variables, and current population as the independent variables. The second model used the same variables with the exception that current population was replaced by population lagged ten years. All variables were in Black-White ratio form. The results are of interest to the student of the economics of discrimination, since the methodology can be applied to the examination and comparison between any two categories of people.
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Date Issued
1973
PURL
http://purl.flvc.org/fcla/dt/13562
Subject Headings
Income distribution--United States--Statistics, Income distribution--United States--Mathematical models, African Americans--Economic conditions
Format
Document (PDF)