- PII
- S042473880000616-6-1
- DOI
- 10.7868/S0000616-6-1
- Publication type
- Article
- Status
- Published
- Authors
- Volume/ Edition
- Volume 52 / Issue 2
- Pages
- 60-74
- Abstract
- A disequilibrium theoretical model of long-term economic dynamics, which considers availability of an aggregated resource and satisfaction of needs in specific outputs, is tested against the expansion of surface transportation networks. The 1871-2013 time series of the length of the USA railroads, highways, pawed roads, surfaced roads and total automobile roads, some of which lack numerous observations, are used for the empirical testing. Two incomplete non-linear auto-regression empirical specifications are applied, which differ in the lag duration (one year and 13 years). The both are estimated using generalized maximum entropy (GME) procedure, which is enriched with the endogenous supporting values for the parameter estimates. For the purpose of testing hypotheses a non-parametric criterion of statistical indiscriminability of two series (reference and compared) is developed, using an area of intersect of polygons of empirical distributions as a critical value. The empirical specification assuming one year lag supports the proposed theoretical model...
- Keywords
- surface transportation networks, disequilibrium model, GME, technological structure, investment lag
- Date of publication
- 01.04.2016
- Year of publication
- 2016
- Number of purchasers
- 1
- Views
- 907
RAS Social ScienceЭкономика и математические методы Economics and the Mathematical Methods
- ISSN (Print) 0424-7388
- ISSN (Online) 3034-6177
ECONOMETRIC ANALYSIS OF EXPANSION OF SURFACE TRANSPORTATION NETWORKS
Индексирование
Scopus
Crossref
Higher Attestation Commission
At the Ministry of Education and Science of the Russian Federation
Scientific Electronic Library