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Semiparametric and Nonparametric Econometrics (Paperback, Softcover reprint of the original 1st ed. 1989)
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Semiparametric and Nonparametric Econometrics (Paperback, Softcover reprint of the original 1st ed. 1989)
Series: Studies in Empirical Economics
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Total price: R1,550
Discovery Miles: 15 500
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Over the last three decades much research in empirical and
theoretical economics has been carried on under various
assumptions. For example a parametric functional form of the
regression model, the heteroskedasticity, and the autocorrelation
is always as sumed, usually linear. Also, the errors are assumed to
follow certain parametric distri butions, often normal. A
disadvantage of parametric econometrics based on these assumptions
is that it may not be robust to the slight data inconsistency with
the particular parametric specification. Indeed any
misspecification in the functional form may lead to erroneous
conclusions. In view of these problems, recently there has been
significant interest in 'the semiparametric/nonparametric
approaches to econometrics. The semiparametric approach considers
econometric models where one component has a parametric and the
other, which is unknown, a nonparametric specification (Manski 1984
and Horowitz and Neumann 1987, among others). The purely non
parametric approach, on the other hand, does not specify any
component of the model a priori. The main ingredient of this
approach is the data based estimation of the unknown joint density
due to Rosenblatt (1956). Since then, especially in the last
decade, a vast amount of literature has appeared on nonparametric
estimation in statistics journals. However, this literature is
mostly highly technical and this may partly be the reason why very
little is known about it in econometrics, although see Bierens
(1987) and Ullah (1988)."
General
Imprint: |
Springer-Verlag
|
Country of origin: |
Germany |
Series: |
Studies in Empirical Economics |
Release date: |
May 2012 |
First published: |
1989 |
Editors: |
Aman Ullah
|
Dimensions: |
244 x 170 x 10mm (L x W x T) |
Format: |
Paperback
|
Pages: |
172 |
Edition: |
Softcover reprint of the original 1st ed. 1989 |
ISBN-13: |
978-3-642-51850-8 |
Categories: |
Books >
Business & Economics >
Economics >
Economic theory & philosophy
|
LSN: |
3-642-51850-8 |
Barcode: |
9783642518508 |
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