Essays in the Limits of Experiments Approach to Econometrics
Author : Richard Kingsley Crump
Publisher :
Page : 294 pages
File Size : 10,20 MB
Release : 2009
Category :
ISBN :
Author : Richard Kingsley Crump
Publisher :
Page : 294 pages
File Size : 10,20 MB
Release : 2009
Category :
ISBN :
Author : Nicolas Jacquemet
Publisher : Cambridge University Press
Page : 475 pages
File Size : 32,70 MB
Release : 2018-11-29
Category : Business & Economics
ISBN : 1107060273
Over the past two decades, experimental economics has moved from a fringe activity to become a standard tool for empirical research. With experimental economics now regarded as part of the basic tool-kit for applied economics, this book demonstrates how controlled experiments can be a useful in providing evidence relevant to economic research. Professors Jacquemet and L'Haridon take the standard model in applied econometrics as a basis to the methodology of controlled experiments. Methodological discussions are illustrated with standard experimental results. This book provides future experimental practitioners with the means to construct experiments that fit their research question, and new comers with an understanding of the strengths and weaknesses of controlled experiments. Graduate students and academic researchers working in the field of experimental economics will be able to learn how to undertake, understand and criticise empirical research based on lab experiments, and refer to specific experiments, results or designs completed with case study applications.
Author : Badi H. Baltagi
Publisher : Emerald Group Publishing
Page : 576 pages
File Size : 18,24 MB
Release : 2012-12-17
Category : Business & Economics
ISBN : 1781903085
Aims to annually publish original scholarly econometrics papers on designated topics with the intention of expanding the use of developed and emerging econometric techniques by disseminating ideas on the theory and practice of econometrics throughout the empirical economic, business and social science literature.
Author : Kenneth I. Wolpin
Publisher : MIT Press
Page : 197 pages
File Size : 45,71 MB
Release : 2013-04-26
Category : Business & Economics
ISBN : 0262019086
The role of theory in ex ante policy evaluations and the limits that eschewing theory places on inference In this rigorous and well-crafted work, Kenneth Wolpin examines the role of theory in inferential empirical work in economics and the social sciences in general—that is, any research that uses raw data to go beyond the mere statement of fact or the tabulation of statistics. He considers in particular the limits that eschewing the use of theory places on inference. Wolpin finds that the absence of theory in inferential work that addresses microeconomic issues is pervasive. That theory is unnecessary for inference is exemplified by the expression “let the data speak for themselves.” This approach is often called “reduced form.” A more nuanced view is based on the use of experiments or quasi-experiments to draw inferences. Atheoretical approaches stand in contrast to what is known as the structuralist approach, which requires that a researcher specify an explicit model of economic behavior—that is, a theory. Wolpin offers a rigorous examination of both structuralist and nonstructuralist approaches. He first considers ex ante policy evaluation, highlighting the role of theory in the implementation of parametric and nonparametric estimation strategies. He illustrates these strategies with two examples, a wage tax and a school attendance subsidy, and summarizes the results from applications. He then presents a number of examples that illustrate the limits of inference without theory: the effect of unemployment benefits on unemployment duration; the effect of public welfare on women's labor market and demographic outcomes; the effect of school attainment on earnings; and a famous field experiment in education dealing with class size. Placing each example within the context of the broader literature, he contrasts them to recent work that relies on theory for inference.
Author : C. R. Rao
Publisher : Elsevier
Page : 359 pages
File Size : 30,73 MB
Release : 2014-05-12
Category : Business & Economics
ISBN : 1483225615
Essays on Econometrics and Planning provides a compilation of papers pertinent to econometrics and planning. This book covers a variety of topics, including competition, planner's capital, parametric solution and programming, economic system, and economic growth. Organized into 22 chapters, this book begins with an overview of the concepts of cooperation, conflict, exploitation, and competition in relation to economic system. This text then examines the status of economic planning in Great Britain and provides an analysis of the role of autonomous investment in the economy. Other chapters consider the monetary or financial aspects of the Soviet economy. This book discusses as well the aspects in which the planners have a social location and economic preferences different from those of the mass of citizens in the underdeveloped country. The final chapter deals with the problem of national development. This book is a valuable resource for economists, industrialists, economic planners, and academic socialists.
Author : Thomas B. Fomby
Publisher : Emerald Group Publishing
Page : 772 pages
File Size : 45,49 MB
Release : 2014-11-21
Category : Political Science
ISBN : 1784411825
This volume honors Professor Peter C.B. Phillips' many contributions to the field of econometrics. The topics include non-stationary time series, panel models, financial econometrics, predictive tests, IV estimation and inference, difference-in-difference regressions, stochastic dominance techniques, and information matrix testing.
Author : Dek Terrell
Publisher : Emerald Group Publishing
Page : 418 pages
File Size : 37,59 MB
Release : 2020-04-15
Category : Business & Economics
ISBN : 1789739594
Including contributions spanning a variety of theoretical and applied topics in econometrics, this volume of Advances in Econometrics is published in honour of Cheng Hsiao.
Author : Laura Chioda
Publisher :
Page : 328 pages
File Size : 33,58 MB
Release : 2005
Category :
ISBN :
Author : Richard B. McKenzie
Publisher :
Page : 127 pages
File Size : 19,86 MB
Release : 1983
Category : Economics
ISBN : 9780631129684
Author : Alexander Chudik
Publisher : Emerald Group Publishing
Page : 316 pages
File Size : 36,93 MB
Release : 2022-01-18
Category : Business & Economics
ISBN : 180262063X
The collection of chapters in Volume 43 Part A of Advances in Econometrics serves as a tribute to one of the most innovative, influential, and productive econometricians of his generation, Professor M. Hashem Pesaran.