Journal of the Japan Statistical Society, Japanese Issue
Online ISSN : 2189-1478
Print ISSN : 0389-5602
ISSN-L : 0389-5602
Specification Changes in a Macroeconometric Model and its Characteristics in the Extrapolations
Fumimasa Hamada
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1982 Volume 12 Issue 2 Pages 171-178

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Abstract
This paper attempts to make a comparison of the characteristics of time configurations of the dynamic solutions in the period of extrapolation of a Japanese quarterly macroeconometric model KOM for the case where the investment equations are replaced with drastically simplified forms in their specification. It was found that the specification change has brought about a remarkable change in the time configurations of solutions in the extrapolations.
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