Studies in Applied Econometrics
(Sprache: Englisch)
The contributions in this volume report new developments in applied econometrics. The papers show the use of new econometric tools to analyse economic problems. Possible ways to promote the theory of such new tools are indicated. The first part deals with...
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The contributions in this volume report new developments in applied econometrics. The papers show the use of new econometric tools to analyse economic problems. Possible ways to promote the theory of such new tools are indicated. The first part deals with contributions that address new methodological developments, in particular in microeconometrics and in multi-equation systems: ordinal variables in microeconometric models, goodness of fit in qualitative choice models, causation in VAR models, and recursive models are the topics dealt with. Part two discusses economic applications of new econometric methods. The topics here are: search models for unemployment, pricing behavior of manufacturing firms, optimal adjustment behavior of firms, and real interest rates.
Klappentext zu „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. 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.
Inhaltsverzeichnis zu „Studies in Applied Econometrics “
I: Methodological Developments.- Ordinal Variables in Microeconometric Models.- Goodness of Fit in Qualitative Choice Models: Review and Evaluation.- Testing for Causation Between Two Variables in Higher-Dimensional VAR Models.- The Reduced Form of Recursive Models: Asymptotic Properties.- II: Economic Applications.- Testing the Stationary Search Model.- Markup Differentials, Cost Flexibility, and Capacity Utilization in West-German Manufacturing.- Empirical Analysis of Optimal Firm Behaviour: Asymmetric Adjustment in Labour and Capital Demand in the Manufacturing Sector in the Netherlands and the U.K..- Are Real Interest Rates Stable? An International Comparison.
Autoren-Porträt
Prof. Dr. Klaus F. Zimmermann ist Direktor des Instituts zur Zukunft der Arbeit (IZA) und zugleich Präsident des Deutschen Instituts für Wirtschaftsforschung (DIW Berlin).
Bibliographische Angaben
- 1993, VI, 238 Seiten, Maße: 23,5 cm, Kartoniert (TB), Englisch
- Herausgegeben: Hans Schneeweiß, Klaus F. Zimmermann
- Verlag: Physica-Verlag
- ISBN-10: 3790807168
- ISBN-13: 9783790807165
Sprache:
Englisch
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