Models with Simultaneous Equations for Local Development

Theoretical and Applied Economics, Vol. XVII, No. 1, 2010

26 Pages Posted: 12 Jan 2010

See all articles by Ani I. Matei

Ani I. Matei

National School of Political Studies and Public Administration (NSPSPA)

Stoica Anghelescu

affiliation not provided to SSRN

Date Written: January 11, 2010

Abstract

This paper presents a model based on simultaneous equations with statistical determined parameters for describing the evolution of important issues relating to local development. The main issues considered are public and private business development environment, employment, demography, social comfort, etc. Parameter estimation with simultaneous equations model was done by procedures implemented in EViews using empirical data sets from city Braila, Romania, for the period 2000 to 2005. Applying the Durbin - Watson test, results were compared for the simultaneous equations model where the parameters were estimated by two-stage least squares method

Keywords: simultaneous equations models, local development, systemic models

JEL Classification: O18, C30, C51

Suggested Citation

Matei, Ani I. and Anghelescu, Stoica, Models with Simultaneous Equations for Local Development (January 11, 2010). Theoretical and Applied Economics, Vol. XVII, No. 1, 2010, Available at SSRN: https://ssrn.com/abstract=1534764

Ani I. Matei (Contact Author)

National School of Political Studies and Public Administration (NSPSPA) ( email )

6 Povernei street
Bucharest, 010643
Romania

HOME PAGE: http://www.snspa.ro

Stoica Anghelescu

affiliation not provided to SSRN ( email )

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