Econometrics Applying to the Interdisciplinary Studies
The paper deals with the idea that econometrics represents a useful instrument for thye economic analysis, even at regional level. According to the labor market conditions, econometrics allows several techniques in order to estimate the structural parameters of an a priori specified system of sim...
Main Author: | |
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Format: | Article |
Language: | English |
Published: |
Danubius University
2015-10-01
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Series: | Acta Universitatis Danubius: Oeconomica |
Subjects: | |
Online Access: | http://journals.univ-danubius.ro/index.php/oeconomica/article/view/3058/2850 |
Summary: | The paper deals with the idea that econometrics represents a useful instrument for thye
economic analysis, even at regional level. According to the labor market conditions, econometrics
allows several techniques in order to estimate the structural parameters of an a priori specified system
of simultaneous stochastic equations. Moreover, the econometric approach highlights the labor system
function as to maximize the employees’ number and labor demand, or to minimize the unemployment
rate. A distinct part of the analysis covers the regional econometric approach in connection to regional
location and optimum models. The main conclusion of the analysis is that econometrics is able to force
the knowledge limits not only in regional economics. The analysis and the conclusions are supported
by pertinent diagrams and mathematical relations. |
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ISSN: | 2065-0175 2067-340X |