LEAST SQUARES ESTIMATION OF DISTRIBUTED LAG MODELS: RELATIONSHIPS BETWEEN ACTUAL AND FIRST DIFFERENCE EQUATIONS

Abraham Subotnik and James P. Houck

No 13710, Staff Papers from University of Minnesota, Department of Applied Economics

Abstract: The purpose of this paper is to focus on the rigidity model and illustrate some relationships between the typical use of the model and a version of it involving first differences in the dependent variable. These relationships will be extended to least squares estimation of rigidity models. A useful correspondence between least squares estimates of the typical model and the first difference model will be demonstrated.

Keywords: Research; Methods/Statistical; Methods (search for similar items in EconPapers)
Pages: 8
Date: 1970
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Persistent link: https://EconPapers.repec.org/RePEc:ags:umaesp:13710

DOI: 10.22004/ag.econ.13710

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