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Modelling output growth. A new approach

Journal Article


Abstract


  • The paper proposes a new approach to modelling output growth and empirically compares the relative efficiency, in terms of average MSE, of forecasts of alternative estimation and modelling methods applied to two well-known multi-equation macroeconomic models fitted to Australian data for the period 1962 to 1987. The gain in relative efficiency from the new approach is found to be up to 129 percent over the OLS or ML procedures. © 1992.

UOW Authors


  •   Tran, Jimmy Van Hoa. (external author)

Publication Date


  • 1992

Citation


  • Van Hoa, T. (1992). Modelling output growth. A new approach. Economics Letters, 38(3), 279-284. doi:10.1016/0165-1765(92)90071-6

Scopus Eid


  • 2-s2.0-38249014244

Web Of Science Accession Number


Start Page


  • 279

End Page


  • 284

Volume


  • 38

Issue


  • 3

Abstract


  • The paper proposes a new approach to modelling output growth and empirically compares the relative efficiency, in terms of average MSE, of forecasts of alternative estimation and modelling methods applied to two well-known multi-equation macroeconomic models fitted to Australian data for the period 1962 to 1987. The gain in relative efficiency from the new approach is found to be up to 129 percent over the OLS or ML procedures. © 1992.

UOW Authors


  •   Tran, Jimmy Van Hoa. (external author)

Publication Date


  • 1992

Citation


  • Van Hoa, T. (1992). Modelling output growth. A new approach. Economics Letters, 38(3), 279-284. doi:10.1016/0165-1765(92)90071-6

Scopus Eid


  • 2-s2.0-38249014244

Web Of Science Accession Number


Start Page


  • 279

End Page


  • 284

Volume


  • 38

Issue


  • 3