TY  - BOOK
AU  - MacCrorie,J.Roderick
TI  - Estimating continuous-time models on the basis of discrete data via an exact discrete analog
AV  - HB139.T52 ECO 
PY  - 2009///
CY  - Cambridge University Press
PB  - Cambridge University Press
KW  - Econometric model
N2  - This paper offers a perspective on A.R. Bergstrom’s contribution to continuous-time modeling, focusing on his preferred method of estimating the parameters of a structural continuous-time model using an exact discrete-time analog. Some inherent difficulties in this approach are discussed, which help to explain why, in spite of his prescience, the methods around his time were not universally adopted as he had hoped. Even so, it is argued that Bergstrom’s contribution and legacy is secure and retains some relevance today for the analysis of macroeconomic and financial time series
UR  - 10.1017/S0266466608090452
ER  -