Doctoral Dissertation Research: Estimating a Dynamic Structural Model from Panel Data on Pacific Northwest Wood Products Firms

博士论文研究：根据太平洋西北木制品公司的面板数据估计动态结构模型

• 批准号: 9410035
• 负责人: R.Glenn Hubbard
• 金额: $ 1.31万
• 依托单位: National Bureau of Economic Research Inc
• 依托单位国家: 美国
• 项目类别: Standard Grant
• 财政年份: 1994
• 资助国家: 美国
• 起止时间: 1994-08-15 至 1995-07-31
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=9410035&HistoricalAwards=false
• 关键词: Doctoral; Dissertation; Research; Estimating; Dynamic

This grant is to support a dissertation project. The purpose of the project is to develop and analyze a dynamic structural model of investment behavior using data on the timber purchase and harvest decisions of wood products firms in the Pacific Northwest. The project has three goals: first, to better understand the determinants of firm investment, particularly the effects of uncertainty, and asymmetric adjustment costs; second, to extend the rapidly growing literature on methods of solving and estimating models of this type; and finally, to further enlighten the policy discussion now taking place about the relative importance of environmental and economic factors in the future use of forest lands. A tractable econometric model will be derived which is closely connected to theory and which incorporates important features of the industry. A rich and extensive data set will then be used to estimate the model and recover structural parameters.

这笔经费是用来支持论文项目的。该项目的目的是利用太平洋西北地区木材采购和木材产品公司采伐决策的数据，发展和分析投资行为的动态结构模型。该项目有三个目标：第一，更好地理解企业投资的决定因素，特别是不确定性和不对称调整成本的影响；第二，扩展快速增长的关于求解和估计这类模型方法的文献；最后，进一步启发目前正在进行的关于环境和经济因素在未来使用林地中的相对重要性的政策讨论。一个易于处理的计量经济模型将被推导出来，它与理论密切相关，并结合了行业的重要特征。然后将使用丰富而广泛的数据集来估计模型并恢复结构参数。