Description
ELSEVIER Panel Data Econometrics by Lee
Applied econometric research is concerned with the measurement of the parameters of economic relationships and with the prediction (by means of these parameters) of the values of economic variables Dependent variable is the value of a function that is determined by the function and the value(s) chosen for its independent variable(s). The generalized method of moments (GMM) estimation has emerged over the last decade as providing a ready to use, flexible tool of application to a large number of econometric and economic models by relying on mild, plausible assumptions. Panel, or longitudinal, data, are data on constant experimental units over a period of time. Nonparametric methods are any of various inferential procedures whose conclusions do not rely on assumptions about the distribution of the population of interest. This book uses a GMM approach to make its presentation of panel data methods for weak model assumptions ('semiparametric'). These assumptions are useful because they can offer general approaches and explain real problems._x000D_
So while the subjects covered by this book are narrower than those appearing in a comprehensive book on panel data, the utility of the material (that is, the book's ability to make accessible practical computation and implementation methods) i...