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Books > Business & Economics > Economics > Econometrics
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Studies in Applied Econometrics (Paperback, Softcover reprint of the original 1st ed. 1993)
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Discovery Miles 24 350
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Studies in Applied Econometrics (Paperback, Softcover reprint of the original 1st ed. 1993)
Series: Contributions to Economics
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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.
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