Structural Change in Macroeconomic Models

Theory and Estimation

1. Macroeconometric Models with Quantity Rationing.
1.1. Non-Walrasian Economic Concepts.
1.2. A Reference Macroeconomic Model.
1.3. A Theoretical Framework for the Study of Structural Changes.
1.4. The Problems in Specifying a Macroeconometric Model with Quantity Rationing.
1.5. A Survey of the Macroeconometric Models with Quantity Rationing.
Conclusion.
Notes.
2: The Suggested Model.
2.1. General Structure and Overview.
2.2. The Specfication of the Production Function.
2.3. The Specification of the Complete Model.
2.4. Structural Change and External Disequilibria.
3. Econometric Study of Models with Unknown Points of Structural Change.
3.1. A Survey of the Estimation Techniques in the Case of Two-regime Regression Models.
3.2. The Estimation Method Suggested.
4. Empirical Application: A Study of the Economic Consequences of the Portuguese Revolution of 1974.
4.1. The Data and the Problem Formulation.
4.2. The Results.
General Conclusion.
Appendices.
Appendix 1. Glossary of Variables and Main Parameters.
Appendix 2. Computation of Analytical Expressions for the First Partial Derivatives of ?.
Appendix 3. Choice of the Minimum for PS as Optimisation Criterion.
Appendix 4. Results.
Appendix 5. Statistical Data and Their Sources.
Appendix 6. Estimation of the Model using French Data.