
The Mega Distributed Lag Model
Author(s) -
Mario Arturo Ruiz Estrada,
Evangelos Koutronas,
Ross Knippenberg
Publication year - 2016
Publication title -
contemporary economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.229
H-Index - 14
eISSN - 2300-8814
pISSN - 2084-0845
DOI - 10.5709/ce.1897-9254.203
Subject(s) - mega , lag , distributed lag , business , economics , econometrics , computer science , computer network , physics , astronomy
This paper attempts to describe the graphical behavior of the distributed lag model in an infinite coordinate space. The "mega distributed lag model" (MDL) is a mathematical framework that can examine the simultaneous interrelationships between all involved variables. The multidimensional graphical setting simultaneously reveals all non-linear exposure-response dependencies and delayed effects between lagged and dependent variables-which two-dimensional figures overwhelmingly fail to capture. Under the Omnia Mobilis assumption, each distribution lag function is indexed with respect to time and space. The Mega distributed lag model observes multiple trends in full motion, the final output (determinant) of which is called "the JIM-coefficient". Hence, this paper tries to analyze different approaches of lag distribution models that can help in the construction of our new model. The mega distributed lag model" (MDL) is moving from the uses of the classic 2-dimensional and 3-dimensional graphical modeling to a multidimensional graphical modeling in Econometrics. Finally, this model is an extension of those explored earlier in the field of econographicology