This graduate text provides a comprehensive, rigorous, and coherent treatment of modern econometrics. The book presents a theoretical introduction to econometrics and to cross section and panel data. It shows how to combine these two types of data structures, as well as how to account for imperfections in the data. The book shows how to implement modern econometric modeling methods, including linear and nonlinear models, and models that combine cross-sectional and panel data. The book also shows how to use the data sets available at the author's website.
On the one hand, microeconometric models often deal with cross sections. On the other hand, panel data (time series) offer many advantages. This book addresses both issues, presenting a unified and coherent approach to both types of econometric data. It distinguishes between population and sampling assumptions, and shows how the division of labor between these two concepts affects both the specification of the model and the analysis of the data. In addition, the book presents a comprehensive coverage of multivariate and nonlinear econometric models. Along the way, the book provides an in-depth treatment of the most recent developments in applied microeconometrics. The unique contribution of this book is its focus on providing a rigorous yet intuitive treatment of modern microeconometric methods. With this goal, the book covers how to handle heteroskedasticity, allows for more flexible specifications, and allows for nonlinear effects.
This graduate text presents the first clear and accessible treatment of modern microeconometrics. The book presents the major techniques used in applied microeconometrics. It provides an intuitive but thorough treatment of existing methods. The book provides a comprehensive coverage of applied microeconometrics, including the estimation of marginal and treatment effects, the distinction between causality and statistical association, and regression models and multivariate nonlinear econometric models. This book will serve as a useful reference for applied microeconometrics and as a text for graduate students. It will also be an important component of the curricula of advanced courses in applied microeconometrics and econometrics in the future.
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