Indeed econometrics has come of age and it has produced a solid body of theory and host of applications in both economics and allied sciences. Consequently, this volume III is design to fill the vacuum that existed in the previously published volume I and II. Structural break models, regime switching models, dynamic stochastic general equilibrium models (DSGE) and Agent based-Computations Economics (ACE) are the major focus of this book.
This book is the second volume of the econometric modeling text and which is structured to be a continuation of the first volume (with emphasis on time series / crossection econometrics and macro econometric modeling). In this volume, we have concentrated on developing non-linear models, financial econometrics and general equilibrium modeling.
This book is concerned with the effective and efficient solution to the problem of the Millennium Bug (Y2K). this is because government organizations and other sectors of the economy have been led to believe that they need to buy new system (wares) to beat the Millennium bug. If this is done, many of nations wealth will be wasted.
Definitely, the scope of programming is very broad and encompasses many topics. This book therefore selects those portions of the subject which present a logical and coherent body of knowledge for classroom presentation, self study and professional practice.