To model the real world truthfully and to foresee an unrealized event are very difficult but crucial tasks. Particularly for the decision-making of an economic agent, no matter if it is a person, household, firm or government, these predictions are a useful guidance. At this point, we see the importance of dynamic modeling analyses in economics due to their realistic ability both in micro and macro levels. Within this framework, this book gathers empirical studies that examine the economic issues from a dynamic perspective.
