ABSTRACT

In the preceding three chapters we have considered separately the statistical estimates of the various equations in our model. In the course of this discussion we have utilised subjective judgment as well as objective statistical criteria to choose particular specifications as better than others. In this chapter we pool the chosen equations (Section 7.1) and consider their statistical performance in comparison with other similar models (Section 7.2). We also consider the results of applying simultaneous equation methods to two sub-systems in our model (Section 7.3).