欢迎来到天天文库
浏览记录
ID:7296136
大小:1.04 MB
页数:34页
时间:2018-02-10
《linear models andmatrix algebra》由会员上传分享,免费在线阅读,更多相关内容在工程资料-天天文库。
1、ChapterLinearModelsandMatrixAlgebraFortheone-commoditymodel(3.1),thesolutionsp~andQ~usexprc~sedin(3.4)and(3.5),respectively,aTCrelativelysimple,eventhoughanumberofparametersurcinvolved.Asmoreandmorecommoditiesun:-incorporatedintothem0dcl,suchsolutionformulasquick
2、lybecomecumbersomeandunwieldy.Thatwaswhywehadtoresorttoalittle,~horthand,evenforthetwo-cornmoditycase~inorderthatthesolutions(3.14)and(3.15)canstillbewritteninarelativelyconcisefashion.Wedidnotattempttotackleanythree-orfour-cOlnmoditymodels.eveninthelinearversion
3、,primarilybecausewedidMtyethaveatourdisposalamethodsuitableforhandlingalarget.ystemofsimultaneousequations.Suchamethodisfoundinmatrixalgebra.thesubjectofthischapterandthenext.Matrixalgebrac4、equationsystem.evenanextremelylargeone.Second,itleadstoa'iayoftestingtheexistenceofasolutionbyevaluationofadeterminant-aconceptcloselyrelatedtothatofamatrix.Third,itgivesumethodoffindingthatsolution(ifitexish).Sinceequationsystemsareencounterednotonlyinstaticana5、lysisbutalsoincomparative·staticanddynamicanalysesandinoptimizationproblems,youwilllindampleapplicationofmatrixalgebrainalmosteverychapterthatistofollow.Thisiswhyitisde~jrab!ctoin•troducematrixalgebraearly.Hov,levcr.oncslightcatchisthatmatrixalgebraisapplicableon6、lytolinear~equationsystems.H(lwrealisticallylinearequationscandescribeactualeconomicrelati()nshipsde•pends,ofcourse,onthenatureoftherelationshipsinquestion~Tnmanycases,t:v~nifsomesacrificeofrealismisentailedbytheassumptionoflinearity,anassumedlincarrelation·shipc7、anproduceasufficientlyclos.;;approximationtoanactualnonlinearrelationshiptowarrantitsusc.Inotherca~cs,whilepreservingthenonlinearityinthemodel,wecaneffectatransfor•mationofvariablessoastoobtainalinearrelationtow~lfkwith.Forexample,thenonlinearfunctionDy=axcanbere8、adilytransformed,bytakingthelogarithmonbothsides,intothefunctionlogy=Joga+hlogx48Chapter4Lincar1l1oJdsum!Afulri;;Alglthru49whichislinearinthetwovariables(logy)
4、equationsystem.evenanextremelylargeone.Second,itleadstoa'iayoftestingtheexistenceofasolutionbyevaluationofadeterminant-aconceptcloselyrelatedtothatofamatrix.Third,itgivesumethodoffindingthatsolution(ifitexish).Sinceequationsystemsareencounterednotonlyinstaticana
5、lysisbutalsoincomparative·staticanddynamicanalysesandinoptimizationproblems,youwilllindampleapplicationofmatrixalgebrainalmosteverychapterthatistofollow.Thisiswhyitisde~jrab!ctoin•troducematrixalgebraearly.Hov,levcr.oncslightcatchisthatmatrixalgebraisapplicableon
6、lytolinear~equationsystems.H(lwrealisticallylinearequationscandescribeactualeconomicrelati()nshipsde•pends,ofcourse,onthenatureoftherelationshipsinquestion~Tnmanycases,t:v~nifsomesacrificeofrealismisentailedbytheassumptionoflinearity,anassumedlincarrelation·shipc
7、anproduceasufficientlyclos.;;approximationtoanactualnonlinearrelationshiptowarrantitsusc.Inotherca~cs,whilepreservingthenonlinearityinthemodel,wecaneffectatransfor•mationofvariablessoastoobtainalinearrelationtow~lfkwith.Forexample,thenonlinearfunctionDy=axcanbere
8、adilytransformed,bytakingthelogarithmonbothsides,intothefunctionlogy=Joga+hlogx48Chapter4Lincar1l1oJdsum!Afulri;;Alglthru49whichislinearinthetwovariables(logy)
此文档下载收益归作者所有