Michael Beenstock Poradie kníh

Focusing on the intersection of time series and spatial econometrics, this monograph provides a comprehensive exploration of spatially dependent nonstationary time series. It offers insights for both time series econometricians and spatial econometricians, detailing the estimation of spatial connectivity matrices through spatial panel data. The text covers spatial nonstationarity in cross-section data and thoroughly examines non-stationarity in single and multi-equation contexts, including the estimation and simulation of spatial vector autoregression and error correction models.

In "Heredity, Family, and Inequality," economist Michael Beenstock explores the correlations between children's outcomes and those of their parents and siblings across various fields. He critiques existing explanations from social sciences and provides tools for better assessing the influences of nature and nurture on intergenerational outcomes.

The book offers an insightful analysis of the world economy, focusing on its transitions and the factors driving change. Michael Beenstock presents complex economic concepts in an engaging and comprehensible manner, making it accessible to a wide audience. First published in 1984, it remains relevant by exploring the dynamics of economic shifts and their implications for global development.