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• W2086307941 abstract "This paper examines the relationship between dynamic structural econometric models (SEM) and time series (TS) models. It extends the work of others by suggesting a reconciliation of SEM and TS models based on classical linear parameter restrictions in regression models rather than on time series methods. The paper demonstrates that in a number of common economic contexts there exist sets of plausible restrictions on the stochastic properties of the disturbances and on the dynamic adjustment processes in a SEM such that familiar structural models take on the form of univariate TS models. Consequently, it is argued that TS models should not be arbitrarily dismissed as being devoid of economic content." @default.
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• W2086307941 date "1983-10-01" @default.
• W2086307941 modified "2023-10-17" @default.
• W2086307941 title "A new look at the relationship between time-series and structural econometric models" @default.
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• W2086307941 doi "https://doi.org/10.1016/0304-4076(93)90079-k" @default.
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