ISSN:
1573-9678
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Summary The main purpose of this paper was to estimate various alternative expenditure systems for the Canadian economy using quarterly data and then to evaluate the performance of the models on the basis of short-run predictions. The results indicate that although the predictive performance of all the estimated models is similar, there is significant evidence in support of the LES. While a better evaluation of the models would consider the error structure in greater detail, that is a task for further research. For quarterly Canadian data, the LES provides somewhat better predictions than its competitors and satisfies all the theoretical criteria and restrictions imposed by its specification.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF02299998
Permalink