Dynamic Structural Models: Problems and Prospects. Mixed Continuous Discrete Controls and Market Interactions
Ariel Pakes ()
No 984, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University
This paper reviews dynamic structural econometric models with both continuous and discrete controls, and those with market interactions. Its goal is to highlight techniques which enable researchers to obtain estimates of the parameters of models with these characteristics, and then use the estimates in subsequent descriptive and policy analysis. In an attempt to increase the accessibility of structural modeling, emphasis has been laid on estimation techniques which, though consistent with the underlying structural model, are computationally simple. The extent to which this is possible depends on the characteristics of the applied problem of interest, so the paper ends up covering more than one topic.
Keywords: Dynamic model; structural model (search for similar items in EconPapers)
JEL-codes: C51 C52 C31 (search for similar items in EconPapers)
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Published in J.J. Laffont and C. Sims (eds.), Advances in Econometrics: Proceedings of the 6th World Congress of the Econometric Society, 1994, Ch. 5, pp. 171-259
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Persistent link: https://EconPapers.repec.org/RePEc:cwl:cwldpp:984
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