Parameter Estimates and Autonomous Growth
参数估计与自主增长
The influence of certain specification errors on estimates of parameters in economic models is examined using Monte Carlo techniques. Autonomous growth is a secular change in the endogenous variables not explained by the exogenous variables and parameters of the structural equations. Autonomous growth will therefore appear in the shocks, and this usually causes them to become correlated with the exogenous variables in economic models—a specification error. The influence of…