Ronald G. Bodkin

The Orders-Shipments Mechanism in Canadian Producer Goods Industries

Abstract This article tests the hypothesis of a variable lag of shipments of capital goods behind new orders, applied to three major Canadian industries producing mainly to order. This hypothesis, confirmed by earlier studies on American data, is corroborated on the Canadian data. Several supplementary conclusions are also drawn, including a suggestion that constraining the weights in the Almon lag distribution to zero at the beginning and end of the distribution may introduce distortion into the resulting estimates.

A History of Macroeconometric Model-Building

This major book presents, for the first time, an authoritative history of developments in macroeconometric modelling since the 1930s. It focuses in particular on the construction of mathematico-statistical models of entire economies, estimated from national accounts and other macroeconomic data. International and comparative in scope, the book contains chapters prepared by specialists from the different countries concerned. This landmark book is indispensable to an understanding of the history and development of large scale econometric models of modern economies.