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Interequation Constraint and the Specification of Dynamic Structure

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  • Kent D. Wall

Abstract

This note considers the effect of a class of linear inter-equation constraints in the specification of the lag structure in econometric models. In particular, attention is focused on the linear summing, or "adding up�, constraints which arise between equations in factor shares analysis. The consequences of such constraints on the specification of lag structures for models with dynamic adjustments and autoregressive or moving-average disturbances are presented in the form of linear restrictions which result in singular coefficient matrices . Thus, the structural (lag) specification of one equation depends on the structure of all other equations in the model.

Suggested Citation

  • Kent D. Wall, 1976. "Interequation Constraint and the Specification of Dynamic Structure," NBER Working Papers 0119, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:0119
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    1. Berndt, Ernst R & Savin, N Eugene, 1975. "Estimation and Hypothesis Testing in Singular Equation Systems with Autoregressive Disturbances," Econometrica, Econometric Society, vol. 43(5-6), pages 937-957, Sept.-Nov.
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    1. Neville Francis & Valerie A. Ramey, 2009. "Measures of per Capita Hours and Their Implications for the Technology-Hours Debate," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(6), pages 1071-1097, September.
    2. Juan J. Dolado & Florentino Felgueroso & Juan F. Jimeno., "undated". "Recent Trends in Occupational Segregation by Gender: A Look Across the Atlantic," Working Papers 2002-11, FEDEA.

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