Ebook: Modern Econometric Analysis: Surveys on Recent Developments

The importance of empirical economics and econometric methods has greatly in­ creased during the last 20 years due to the availability of better data and the improved performance of computers. In an information-driven society such as ours we need quickly to obtain complete and convincing statistical results. This is only possible if the appropriate econometric methods are applied. Traditional econometric analysis concentrates on classical methods which are far from suitable for handling actual economic problems. They can only be used as a starting point for students to learn basic econometrics and as a reference point for more advanced methods. Modern Econometrics tries to develop new approaches from an economic perspective. A consequence is that we have less of a unified econometric theory than in former times. Specific branches which require specific methods have been established. Nowadays, nobody has complete knowledge of every area of econometrics. If someone is interested to learn more about a field, relatively unknown to them, they will require support.

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Traditional econometric analysis concentrate on classical methods which are far from suitable handling actual economic problems. Modern econometric analysis tries to develop new approaches from an economic perspective. As a consequence, there is less of a unified econometric theory than in former times. Specific branches which require specific methods have been established. Modern time series and duration analysis, panel data analysis, microeconometrics, evaluation methods, and specific data problems are examples of these new approaches. In this book leading German econometricians in different fields present survey articles of the most important new methods in econometrics. The book gives an overview of the field and it shows progress made in recent years and remaining problems.

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Traditional econometric analysis concentrate on classical methods which are far from suitable handling actual economic problems. Modern econometric analysis tries to develop new approaches from an economic perspective. As a consequence, there is less of a unified econometric theory than in former times. Specific branches which require specific methods have been established. Modern time series and duration analysis, panel data analysis, microeconometrics, evaluation methods, and specific data problems are examples of these new approaches. In this book leading German econometricians in different fields present survey articles of the most important new methods in econometrics. The book gives an overview of the field and it shows progress made in recent years and remaining problems.

Content:
Front Matter....Pages I-VIII
Developments and New Dimensions in Econometrics....Pages 1-6
On the Specification and Estimation of Large Scale Simultaneous Structural Models....Pages 7-24
Dynamic Factor Models....Pages 25-40
Unit Root Testing....Pages 41-56
Autoregressive Distributed Lag Models and Cointegration....Pages 57-72
Structural Vector Autoregressive Analysis for Cointegrated Variables....Pages 73-86
Econometric Analysis of High Frequency Data....Pages 87-102
Using Quantile Regression for Duration Analysis....Pages 103-118
Multilevel and Nonlinear Panel Data Models....Pages 119-135
Nonparametric Models and Their Estimation....Pages 137-152
Microeconometric Models and Anonymized Micro Data....Pages 153-166
Ordered Response Models....Pages 167-181
Some Recent Advances in Measurement Error Models and Methods....Pages 183-198
The Microeconometric Estimation of Treatment Effects — An Overview....Pages 199-214
Survey Item Nonresponse and its Treatment....Pages 215-230

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Traditional econometric analysis concentrate on classical methods which are far from suitable handling actual economic problems. Modern econometric analysis tries to develop new approaches from an economic perspective. As a consequence, there is less of a unified econometric theory than in former times. Specific branches which require specific methods have been established. Modern time series and duration analysis, panel data analysis, microeconometrics, evaluation methods, and specific data problems are examples of these new approaches. In this book leading German econometricians in different fields present survey articles of the most important new methods in econometrics. The book gives an overview of the field and it shows progress made in recent years and remaining problems.

Content:
Front Matter....Pages I-VIII
Developments and New Dimensions in Econometrics....Pages 1-6
On the Specification and Estimation of Large Scale Simultaneous Structural Models....Pages 7-24
Dynamic Factor Models....Pages 25-40
Unit Root Testing....Pages 41-56
Autoregressive Distributed Lag Models and Cointegration....Pages 57-72
Structural Vector Autoregressive Analysis for Cointegrated Variables....Pages 73-86
Econometric Analysis of High Frequency Data....Pages 87-102
Using Quantile Regression for Duration Analysis....Pages 103-118
Multilevel and Nonlinear Panel Data Models....Pages 119-135
Nonparametric Models and Their Estimation....Pages 137-152
Microeconometric Models and Anonymized Micro Data....Pages 153-166
Ordered Response Models....Pages 167-181
Some Recent Advances in Measurement Error Models and Methods....Pages 183-198
The Microeconometric Estimation of Treatment Effects — An Overview....Pages 199-214
Survey Item Nonresponse and its Treatment....Pages 215-230
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