Studies in Applied Econometrics

Studies in Applied Econometrics

This book reports new developments in applied econometrics. All papers originated in two international workshops that were organized in the University of Munich on July 6-7, 1989, and on January 11 - 12, 1990.

Author: Hans Schneeweiß

Publisher: Springer Science & Business Media

ISBN: 9783642515149

Category: Business & Economics

Page: 238

View: 864

This book reports new developments in applied econometrics. All papers originated in two international workshops that were organized in the University of Munich on July 6-7, 1989, and on January 11 - 12, 1990. Financial support for these conferences by the University of Munich and the Thyssen Foundation is gratefully acknowledged. Since then all papers were substantially revised and updated. We wish to thank all authors for their patience with the revisions and Thomas Bauer, Lucie Merkle and Gisela Loos for editorial help. The ftrst section of the book collects contributions that address new "Methodological Developments". Two of them deal with problems in microeconometrics, the other two consider multi-equation systems. Martin Kukuk and Gerd Ronning treat "Ordinal Variables in Microeconometric Models". They especially deal with the case of limited-dependent variable models where some exogenous variables are either measured on an interval scale or a nominal scale. They discuss and compare two methods to deal with the problem. In his paper on "Goodness of Fit in Qualitative Choice Models: Review and Evaluation", Klaus F. Zimmermann investigates methods to summarize the predictive quality of models that deal with discrete alternatives. For these models, a widely accepted measure for evaluation like the R2, as in the case of ordinary least squares, does not exist. The paper summarizes the literature and suggests reasonable choices for evaluation on the basis of large-scale Monte Carlo investigations.
Categories: Business & Economics

Applied Nonparametric Econometrics

Applied Nonparametric Econometrics

This book helps bridge this gap between applied economists and theoretical nonparametric econometricians.

Author: Daniel J. Henderson

Publisher: Cambridge University Press

ISBN: 9781316060674

Category: Business & Economics

Page:

View: 291

The majority of empirical research in economics ignores the potential benefits of nonparametric methods, while the majority of advances in nonparametric theory ignore the problems faced in applied econometrics. This book helps bridge this gap between applied economists and theoretical nonparametric econometricians. It discusses in depth, and in terms that someone with only one year of graduate econometrics can understand, basic to advanced nonparametric methods. The analysis starts with density estimation and motivates the procedures through methods that should be familiar to the reader. It then moves on to kernel regression, estimation with discrete data, and advanced methods such as estimation with panel data and instrumental variables models. The book pays close attention to the issues that arise with programming, computing speed, and application. In each chapter, the methods discussed are applied to actual data, paying attention to presentation of results and potential pitfalls.
Categories: Business & Economics

Applied Econometrics with SAS

Applied Econometrics with SAS

This book is part of the SAS Press program.

Author: Barry K. Goodwin

Publisher: SAS Institute

ISBN: 9781635260502

Category: Computers

Page: 180

View: 576

Using Applied Econometrics with SAS: Modeling Demand, Supply, and Risk, you will quickly master SAS applications for implementing and estimating standard models in the field of econometrics. This guide introduces you to the major theories underpinning applied demand and production economics. For each of its three main topics—demand, supply, and risk—a concise theoretical orientation leads directly into consideration of specific economic models and econometric techniques, collectively covering the following: Double-log demand systems Linear expenditure systems Almost ideal demand systems Rotterdam models Random parameters logit demand models Frequency-severity models Compound distribution models Cobb-Douglas production functions Translogarithmic cost functions Generalized Leontief cost functions Density estimation techniques Copula models SAS procedures that facilitate estimation of demand, supply, and risk models include the following, among others: PROC MODEL PROC COPULA PROC SEVERITY PROC KDE PROC LOGISTIC PROC HPCDM PROC IML PROC REG PROC COUNTREG PROC QLIM An empirical example, SAS programming code, and a complete data set accompany each econometric model, empowering you to practice these techniques while reading. Examples are drawn from both major scholarly studies and business applications so that professors, graduate students, government economic researchers, agricultural analysts, actuaries, and underwriters, among others, will immediately benefit. This book is part of the SAS Press program.
Categories: Computers

Advances in Applied Economic Research

Advances in Applied Economic Research

This proceedings volume aims to provide new research methods, theories and applications from various areas of applied economic research.

Author: Nicholas Tsounis

Publisher: Springer

ISBN: 9783319484549

Category: Business & Economics

Page: 888

View: 272

This proceedings volume aims to provide new research methods, theories and applications from various areas of applied economic research. Featuring papers from the 2016 International Conference on Applied Economics (ICOAE) organized by the University of Nicosia and the Western Macedonia University of Applied Sciences, this volume presents cutting edge research from all areas of economic science that use applied econometrics as the method of analysis. It also features country specific studies with specific economic policy analyses and proposals. Applied economics is a rapidly growing field of economics that combines economic theory with econometrics to analyse economic problems of the real world usually with economic policy interest. ICOAE is an annual conference started in 2008 with the aim to bring together economists from different fields of applied economic research in order to share methods and ideas. The goal of the conference and the enclosed papers is to allow for an exchange of experiences with different applied econometric methods and to promote joint initiatives among well-established fields likemacro- and microeconomics, international economics, finance, agricultural economics, health economics, education economics, international trade theory and management and marketing strategies. Featuring global contributions, this book will be of interest to researchers, academics, professionals and policy makers in the field of applied economics and econometrics.
Categories: Business & Economics

Wine Economics

Wine Economics

The book proposes an overview of the research conducted to date in the field of wine economics.

Author: O. Güvenen

Publisher: Springer

ISBN: 9781137289520

Category: Business & Economics

Page: 368

View: 225

The book proposes an overview of the research conducted to date in the field of wine economics. All of these contributions have in common the use of econometric techniques and mathematical formalization to describe the new challenges of this economic sector.
Categories: Business & Economics

Henri Theil s Contributions to Economics and Econometrics

Henri Theil   s Contributions to Economics and Econometrics

These three volumes contain an account of Professor Henri Theil's distinguished career as a leader, advisor, administrator, teacher, and researcher in economics and econometrics.

Author: Henri Theil

Publisher: Springer Science & Business Media

ISBN: 0792315480

Category: Business & Economics

Page: 584

View: 270

These three volumes contain an account of Professor Henri Theil's distinguished career as a leader, advisor, administrator, teacher, and researcher in economics and econometrics. The books also contain a selection of his contributions in many areas, such as econometrics, demand analysis, information theory, forecasting, statistics, economic policy analysis and management science. To date he has contributed over 250 articles in refereed journals and chapters in books, and 15 books, three of which became citation classics. His books and articles have appeared in (and have been translated into) many languages, such as Polish, Russian, Dutch, English, French, German, Hungarian, Italian and Japanese. This collection provides excellent reference material to researchers and graduate students working in a variety of disciplines, such as econometrics, economics, management science, operations research, and statistics. Moreover, Professor Theil's career serves as a role model for younger generations of scholars, both in terms of his approach to research and his commitment to his profession. Professor Theil's distinguished career as an academic began in 1953 when he was appointed Professor of Econometrics at the Netherlands School of Economics in Rotterdam (now Erasmus University). Three years later he founded the Econometric Institute in Rotterdam and served as its first director until 1966, when he accepted a joint appointment at the Graduate School of Business and Department of Economics, University of Chicago, U.S.A. In 1981, Theil was appointed to the McKethan-Matherly Eminent Chair at the Graduate School of Business Administration of the University of Florida in Gainesville. Theil has received many international honours including four honorary degrees.
Categories: Business & Economics

Studies in Global Econometrics

Studies in Global Econometrics

One of the main topics of the work is a system of demand equations for broad groups of consumer goods fitted by means of cross-country data.

Author: H. Theil

Publisher: Springer

ISBN: 9780585268743

Category: Business & Economics

Page: 112

View: 491

Studies in Global Econometrics is a collection of essays on the use of cross-country data based on purchasing power parities. The two major applications are the development over time of per capital gross domestic products, (including that of their inequalities among countries and regions) and the fitting of cross-country demand equations for broad groups of consumer goods. The introductory chapter provides highlights of the author's work as relating to these developments. One of the main topics of the work is a system of demand equations for broad groups of consumer goods fitted by means of cross-country data. These data are from the International Comparison Program, which provides PPP-based figures for a number of years and countries. Similar data are used for the measurement of the dispersion of national per capita incomes between and within seven geographic regions.
Categories: Business & Economics

Applied Econometrics

Applied Econometrics

Applied Econometrics is an extremely user-friendly and application-focused book to econometrics. This book is perfect for beginners and promises simplicity and practicality to understanding of econometric models.

Author: Chung Ki Min

Publisher: Routledge

ISBN: 0367110334

Category: Business & Economics

Page: 296

View: 109

Applied Econometrics: A Practical Guide is an extremely user-friendly and application-focused book on econometrics. Unlike many econometrics textbooks which are heavily theoretical on abstractions, this book is perfect for beginners and promises simplicity and practicality to the understanding of econometric models. Written in an easy-to-read manner, the book begins with hypothesis testing and moves forth to simple and multiple regression models. It also includes advanced topics: Endogeneity and Two-stage Least Squares Simultaneous Equations Models Panel Data Models Qualitative and Limited Dependent Variable Models Vector Autoregressive (VAR) Models Autocorrelation and ARCH/GARCH Models Unit Root and Cointegration The book also illustrates the use of computer software (EViews, SAS and R) for economic estimating and modeling. Its practical applications make the book an instrumental, go-to guide for solid foundation in the fundamentals of econometrics. In addition, this book includes excerpts from relevant articles published in top-tier academic journals. This integration of published articles helps the readers to understand how econometric models are applied to real-world use cases. , SAS and R) for economic estimating and modeling. Its practical applications make the book an instrumental, go-to guide for solid foundation in the fundamentals of econometrics. In addition, this book includes excerpts from relevant articles published in top-tier academic journals. This integration of published articles helps the readers to understand how econometric models are applied to real-world use cases.
Categories: Business & Economics

Econometric Modelling of Stock Market Intraday Activity

Econometric Modelling of Stock Market Intraday Activity

Time series analysis has been an active field of research since the seminal work by Box and Jenkins (1976), who introduced a gen eral framework in which time series can be analyzed.

Author: Luc Bauwens

Publisher: Springer Science & Business Media

ISBN: 9781475733815

Category: Business & Economics

Page: 180

View: 693

Over the past 25 years, applied econometrics has undergone tremen dous changes, with active developments in fields of research such as time series, labor econometrics, financial econometrics and simulation based methods. Time series analysis has been an active field of research since the seminal work by Box and Jenkins (1976), who introduced a gen eral framework in which time series can be analyzed. In the world of financial econometrics and the application of time series techniques, the ARCH model of Engle (1982) has shifted the focus from the modelling of the process in itself to the modelling of the volatility of the process. In less than 15 years, it has become one of the most successful fields of 1 applied econometric research with hundreds of published papers. As an alternative to the ARCH modelling of the volatility, Taylor (1986) intro duced the stochastic volatility model, whose features are quite similar to the ARCH specification but which involves an unobserved or latent component for the volatility. While being more difficult to estimate than usual GARCH models, stochastic volatility models have found numerous applications in the modelling of volatility and more particularly in the econometric part of option pricing formulas. Although modelling volatil ity is one of the best known examples of applied financial econometrics, other topics (factor models, present value relationships, term structure 2 models) were also successfully tackled.
Categories: Business & Economics

Models and Projections of Demand in Post War Britain

Models and Projections of Demand in Post War Britain

The fifth, which was intended to deal with consumption functions, never appeared; now it takes its place as number one in the new series. It is not that ten years ago we had nothing to say on the subject of consumers' behaviour.

Author: Angus Deaton

Publisher: Springer

ISBN: UOM:39015005731651

Category: Business & Economics

Page: 261

View: 333

The first number of our earlier series, A Programme for Growth, carried a notice of forthcoming papers. Five were announced but eventually only four were published. The fifth, which was intended to deal with consumption functions, never appeared; now it takes its place as number one in the new series. It is not that ten years ago we had nothing to say on the subject of consumers' behaviour. The crude estimation method that I had used in my original (1954) paper on the linear expenditure system gave interesting and in many respects satisfactory results, some of which were published outside our series, for instance in Stone, Brown and ). With this method the parameter estimates changed Rowe ( 1964 very little after the first few iterations. Nevertheless they did change, and with the computing resources then at our disposal we failed to reach convergence. It was mainly for this reason that we decided to wait.
Categories: Business & Economics

Applied Econometrics

Applied Econometrics

Structure and uses of macro econometric models; Consumption; Demand functions; Investment; Inventories; Production functions.

Author: J. L. Bridge

Publisher:

ISBN: STANFORD:36105036381411

Category: Econometrics

Page: 422

View: 820

Structure and uses of macro econometric models; Consumption; Demand functions; Investment; Inventories; Production functions.
Categories: Econometrics

Applied Econometrics with SAS

Applied Econometrics with SAS

This book is part of the SAS Press program.

Author: Barry K. Goodwin

Publisher:

ISBN: 1629604070

Category: Computers

Page: 180

View: 791

Using Applied Econometrics with SAS: Modeling Demand, Supply, and Risk, you will quickly master SAS applications for implementing and estimating standard models in the field of econometrics. This guide introduces you to the major theories underpinning applied demand and production economics. For each of its three main topics-demand, supply, and risk-a concise theoretical orientation leads directly into consideration of specific economic models and econometric techniques, collectively covering the following: Double-log demand systems Linear expenditure systems Almost ideal demand systems Rotterdam models Random parameters logit demand models Frequency-severity models Compound distribution models Cobb-Douglas production functions Translogarithmic cost functions Generalized Leontief cost functions Density estimation techniques Copula models SAS procedures that facilitate estimation of demand, supply, and risk models include the following, among others: PROC MODEL PROC COPULA PROC SEVERITY PROC KDE PROC LOGISTIC PROC HPCDM PROC IML PROC REG PROC COUNTREG PROC QLIM An empirical example, SAS programming code, and a complete data set accompany each econometric model, empowering you to practice these techniques while reading. Examples are drawn from both major scholarly studies and business applications so that professors, graduate students, government economic researchers, agricultural analysts, actuaries, and underwriters, among others, will immediately benefit. This book is part of the SAS Press program.
Categories: Computers

The Econometrics of Panel Data

The Econometrics of Panel Data

The aim of this volume is to provide a general overview of the econometrics of panel data, both from a theoretical and from an applied viewpoint.

Author: László Mátyás

Publisher: Springer Science & Business Media

ISBN: 9789400903753

Category: Business & Economics

Page: 568

View: 245

The aim of this volume is to provide a general overview of the econometrics of panel data, both from a theoretical and from an applied viewpoint. Since the pioneering papers by Kuh (1959), Mundlak (1961), Hoch (1962), and Balestra and Nerlove (1966), the pooling of cross section and time series data has become an increasingly popular way of quantifying economic relationships. Each series provides information lacking in the other, so a combination of both leads to more accurate and reliable results than would be achievable by one type of series alone. Over the last 30 years much work has been done: investigation of the properties of the applied estimators and test statistics, analysis of dynamic models and the effects of eventual measurement errors, etc. These are just some of the problems addressed by this work. In addition, some specific diffi culties associated with the use of panel data, such as attrition, heterogeneity, selectivity bias, pseudo panels etc., have also been explored. The first objective of this book, which takes up Parts I and II, is to give as complete and up-to-date a presentation of these theoretical developments as possible. Part I is concerned with classical linear models and their extensions; Part II deals with nonlinear models and related issues: logit and probit models, latent variable models, incomplete panels and selectivity bias, and point processes.
Categories: Business & Economics

Studies in Applied Econometrics

Studies in Applied Econometrics

The first chapter discusses the impact of airport noise pollution on social welfare.

Author: Winai Wongsurawat

Publisher:

ISBN: OCLC:61323447

Category:

Page:

View: 839

The first chapter discusses the impact of airport noise pollution on social welfare. I attempt to incorporate into the estimations of homeowners' damages other internal costs, namely depreciation in nontransferable, private values such as 'being a good fit for the community' and personal investments in 'social capital.' My regressions estimate that by focusing exclusively on market price and ignoring private values, the underestimation of the true welfare loss is on average about 27%.
Categories: