Description: Russia's Comparative Advantages in Foreign TradeForecasting Potential Dynamics and Identifying Stimulation Measures Author(s): Ivan Savin Format: Hardback Publisher: Peter Lang AG, Switzerland Imprint: Peter Lang AG ISBN-13: 9783631639931, 978-3631639931 Synopsis Identifying factors which stimulate regional growth and international competitiveness and using them for forecasting are the aims of this book. Departing from the theory of comparative advantages and their impact, the author demonstrates that such an approach has to be based on a sound theoretical foundation and on appropriate, advanced econometric methods. He proposes the use of heuristic optimization techniques, Monte Carlo simulation experiments and Lasso-type estimators to avoid bias or misleading findings, which might be the result of applying standard regression methods when key assumptions are not satisfied. In addition, the author demonstrates how some heuristic optimization-based methods can be used to obtain forecasts of industrial production in Russia and Germany founded on past observations and some leading indicators.
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Book Title: Russia's Comparative Advantages in Foreign Trade
Number of Pages: 135 Pages
Publication Name: Russia's Comparative Advantages in Foreign Trade: Forecasting Potential Dynamics and Identifying Stimulation Measures
Language: English
Publisher: Peter Lang
Item Height: 210 mm
Subject: Economics, Management, Marketing
Publication Year: 2012
Type: Textbook
Item Weight: 280 g
Subject Area: Data Analysis
Author: Ivan Savin
Item Width: 148 mm
Series: Schriften Zur Empirischen Wirtschaftsforschung
Format: Hardcover
