Abstract
M.Com. (Economics)
In this study the use of distributed lags in the estimation of econometric
equations is discussed with special reference to Shirley Almon's
model of polinomically distributed lags.
In chapter 2 of this study possible reasons for the existence of distributed
lags as well as a number of distributed lag models are discussed.
In chapter 3 the estimation of Almon lag models with and without the
existence of end restrictions is discussed with special mention of the
practical problems associated with such estimations.
In chapter 4 the estimation of multi-variable Almon lags and the benefit
of computer programs in the estimation thereof are discussed.
In chapter 5 a procedure is given for the estimation of Almon lag models
with examples of the estimation of two fuctions: Investment: Private:
Non-Agriculture (IPNL) and Exports Excluding Gold (XSG).