An Introduction to Applied Econometric Analysis by R. F. Wynn, K. Holden (auth.)

By R. F. Wynn, K. Holden (auth.)

Show description

Read or Download An Introduction to Applied Econometric Analysis PDF

Similar econometrics books

Stochastic Limit Theory: An Introduction for Econometricicans (Advanced Texts in Econometrics)

This significant new econometrics textual content surveys contemporary advancements within the quickly increasing box of asymptotic distribution idea, with a distinct emphasis at the difficulties of time dependence and heterogeneity. Designed for econometricians and complicated scholars with restricted mathematical education, the booklet in actual fact lays out the mandatory math and likelihood concept and makes use of a variety of examples to make its info helpful and understandable.

Forecasting Non-Stationary Economic Time Series

Economies evolve and are topic to surprising shifts prompted through legislative adjustments, financial coverage, significant discoveries, and political turmoil. Macroeconometric versions are a truly imperfect device for forecasting this hugely complex and altering technique. Ignoring those components results in a large discrepancy among concept and perform.

Economics of Insurance

The idea of coverage is gifted during this e-book, mentioned from the point of view of the idea of economics of uncertainty. the main of top rate calculation which the booklet makes use of relies on fiscal equilibrium idea and differs from the various top class structures mentioned by means of actuaries. Reinsurance is built within the framework of common financial equilibrium thought less than uncertainty.


This is often an excerpt from the 4-volume dictionary of economics, a reference booklet which goals to outline the topic of economics at the present time. 1300 topic entries within the entire paintings disguise the large issues of monetary conception. This extract concentrates on econometrics.

Additional resources for An Introduction to Applied Econometric Analysis

Sample text

The difficulties of observation of the production function at various levels of economic activity are next considered. The results of empirical work in a cross-section micro-economic study and a time series macro-economic study are then described, and a guide to further reading concludes the chapter. A production function is a mathematical function which relates the quantities of inputs and the quantities of outputs within a production unit, which may be variously defined as an activity or process, a firm, an industry or a national economy.

1971), 'The Other Half of Gross Investment: Replacement and Modernisation Expenditures', Review of Economics and Statistics, vol. 53, 49-58. Gould, J. P. (1968), 'Adjustment Costs in the Theory of Investment of the Firm', Review of Economic Studies, vol. XXXV, 47-55. Griliches, Z. (1967), 'Distributed Lags: A Survey', Econometrica, vol. 35, 16-49. Griliches, Z. (1968), 'The Brookings Model Volume: A Review Article', Review of Economics and Statistics, vol. 50,215-34. Grunfeld, Y. (1960), 'The Determinants of Corporate Investment', in The Demand for Durable Goods, ed.

4. Given the evidence oferrors ofaggregation quoted by Jorgenson and Stephenson, the performance of the neoclassical theories is surprisingly consistent. 7 FURTHER READING Further evidence of the superiority of the neoclassical approach is provided in two articles by Jorgenson, Hunter and Nadiri (1970a), (1970b), in which the quarterly data used by Jorgenson and Stephenson at the sub-industry level are used to compare four alternative investment theories. The theories are essentially dynamic versions of the neoclassical theory of the firm, with different specifications of the variables included and the time structure of the investment process.

Download PDF sample

Rated 4.35 of 5 – based on 36 votes