| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6900 |
| DP6900 Incidence and Growth of Patent Thickets - The Impact of Technological Opportunities and Complexity | |
| Dietmar Harhoff; Georg von Graevenitz; Stefan Wagner | |
| 发表日期 | 2008-07-04 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | We use the method of indirect inference, using the bootstrap, to test the Smets and Wouters model of the EU against a VAR auxiliary equation describing their data; the test is based on the Wald statistic. We find that their model generates excessive variance compared with the data. But their model passes the Wald test easily if the errors have the properties assumed by SW but scaled down. We compare a New Classical version of the model which also passes the test easily if error properties are chosen using New Classical priors (notably excluding shocks to preferences). Both versions have (different) difficulties fitting the data if the actual error properties are used. |
| 主题 | International Macroeconomics |
| 关键词 | Bootstrap Dsge model indirect inference Model of eu Var model Wald statistic |
| URL | https://cepr.org/publications/dp6900 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535736 |
| 推荐引用方式 GB/T 7714 | Dietmar Harhoff,Georg von Graevenitz,Stefan Wagner. DP6900 Incidence and Growth of Patent Thickets - The Impact of Technological Opportunities and Complexity. 2008. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
