Journal of Economic and Social Measurement - Volume 22, issue 4
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ISSN 0747-9662 (P)
ISSN 1875-8932 (E)
The Journal of Economic and Social Measurement (JESM) is a quarterly journal that is concerned with the investigation of all aspects of production, distribution and use of economic and other societal statistical data, and with the use of computers in that context. JESM publishes articles that consider the statistical methodology of economic and social science measurements. It is concerned with the methods and problems of data distribution, including the design and implementation of data base systems and, more generally, computer software and hardware for distributing and accessing statistical data files. Its focus on computer software also includes the valuation of algorithms and their implementation, assessing the degree to which particular algorithms may yield more or less accurate computed results. It addresses the technical and even legal problems of the collection and use of data, legislation and administrative actions affecting government produced or distributed data files, and similar topics.
The journal serves as a forum for the exchange of information and views between data producers and users. In addition, it considers the various uses to which statistical data may be put, particularly to the degree that these uses illustrate or affect the properties of the data. The data considered in JESM are usually economic or social, as mentioned, but this is not a requirement; the editorial policies of JESM do not place a priori restrictions upon the data that might be considered within individual articles. Furthermore, there are no limitations concerning the source of the data.
Abstract: The objective of this paper is first to derive theoretically and then test empirically for the existence of differential propensities to demand for money across sectors by industry of origin in a developing economy. The econometric evidence for the Indian…economy on the agriculture (commodity) and nonagriculture (services) sectors for a little over a four decade period is convincing. The presence of sectoral bias in the money demand function is clearly indicated for India over the period 1950/51–1991/92 implying thereby that monetary planning based on the standard macro-money demand specifications for India may produce misleading results.
Abstract: MODLER is one of a small group of integrated econometric software packages developed during the past twenty-five years. These packages are often referred to as econometric modeling languages, in order to convey the idea that they provide a suitable environment…in which to construct and use such models. Inasmuch as econometric models consist of equations, it is natural to think of their syntactic form as language-like. The development of MODLER began in 1969–1970. It was converted to the microcomputer starting in 1981 and became the basis for the first microcomputer-based econometric forecasting service. Microcomputer-based models embedded in MODLER by the end of 1985 included the 600+ equation Wharton Mark VII Quarterly Econometric Model of the United States, as well as smaller models in earlier years. Since then, other models of 500+ simultaneous equations, including one of approximately 1000 equations, have been built and used with the software, plus over 2000 smaller models, created by users worldwide. The paper briefly describes representative MODLER applications, as well as the software's design and development through the end of 1994. Other packages broadly similar to MODLER include TROLL, XSIM, and EPS, among packages introduced prior to 1980, and AREMOS, among packages introduced since 1986.