ABSTRACT

Originally published in 1974. This book provides a rigorous and detailed introductory treatment of the theory of difference equations and their applications in the construction and analysis of dynamic economic models. It explains the theory of linear difference equations and various types of dynamic economic models are then analysed. Including plenty of examples of application throughout the text, it will be of use to those working in macroeconomics and econometrics.

chapter 1|71 pages

Mathematical Preliminaries

chapter 2|22 pages

Introduction to Difference Equations

chapter 5|15 pages

Particular Solutions

chapter 7|18 pages

Equilibrium And Stability

chapter 8|22 pages

Systems of Difference Equations

chapter 9|32 pages

Distributed Lags

chapter 10|42 pages

Analysis of Accelerator Models

chapter 11|40 pages

Linear Dynamic Economic Models

chapter 12|16 pages

The Cyclic Properties of the Linear Model

chapter 13|12 pages

Introduction to Optimal Control

chapter 14|23 pages

Forecasting With Autoregressive Models