Using Applied Econometrics with SAS: Modeling Demand, Supply, and Risk, you will quickly master SAS applications for implementing and estimating standard models in the field of econometrics. This guide introduces you to the major theories underpinning applied demand and production economics. For each of its three main topics—demand, supply, and risk—a concise theoretical orientation leads directly into consideration of specific economic models and econometric techniques, collectively covering the following:

Double-log demand systems
Linear expenditure systems
Almost ideal demand systems
Rotterdam models
Random parameters logit demand models
Frequency-severity models
Compound distribution models
Cobb-Douglas production functions
Translogarithmic cost functions
Generalized Leontief cost functions
Density estimation techniques
Copula models

SAS procedures that facilitate estimation of demand, supply, and risk models include the following, among others:

PROC MODEL
PROC COPULA
PROC SEVERITY
PROC KDE
PROC LOGISTIC
PROC HPCDM
PROC IML
PROC REG
PROC COUNTREG
PROC QLIM

An empirical example, SAS programming code, and a complete data set accompany each econometric model, empowering you to practice these techniques while reading. Examples are drawn from both major scholarly studies and business applications so that professors, graduate students, government economic researchers, agricultural analysts, actuaries, and underwriters, among others, will immediately benefit.

This book is part of the SAS Press program.

About the Author

Barry K. Goodwin, PhD, is the William Neal Reynolds Distinguished Professor in the Department of Agricultural and Resource Economics, as well as a Graduate Alumni Distinguished Professor in the Department of Economics, at North Carolina State University, where he teaches and conducts research on policy, risk, trade, and applied econometrics. He is a fellow and past president of the Agricultural and Applied Economics Association. He has coauthored three books and more than 150 peer-reviewed journal articles, receiving numerous research awards, including best article awards from the American Journal of Agricultural Economics, the Journal of Agricultural and Resource Economics, and the Canadian Journal of Agricultural Economics. Professor Goodwin completed his PhD in economics at North Carolina State University in 1988.

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