Econometric Applications: Empirics of Simultaneous Equations, Time Series, Qualitative Response And Panel Data Models [Hardcover]

Language: English. ABOUT THE BOOK:- Understanding human behaviour eludes scientific inquiries despite significant advances and great breakthroughs. Evenmore challenging is the quantitative analysis of human decisions for which econometric methods are widely applied. Econometrics analysis is the art of understanding the nuances of information contained in data and drawing meaningful inferences from the statistical techniques based on mathematical tools. Understanding the nature of data and identifying appropriate techniques for efficient and consistent estimates of the causal relationship is a great learning of a researcher that comes with practical experience only. The papers in this volume attempt to unravel the econometric issues of many economic problems. Using strong economic theories, rich data and powerful econometric methods, this book analyses the underlying data issues, identification of estimation methods, empirical analyses and draws inferences for many of the individual and household behaviours as well as state, national and international macroeconomic issues. The econometric methods that comprise this book are simultaneous equations methods, time series models, qualitative response dependent variable models and panel data methods. This volume demonstrates the comprehensive nature of econometric approaches that is at the heart of any empirical study and highlight the appropriateness of quantitative analysis for inferences from data, decision making and drawing policy implications. The book is intended to be a reference guide for a rigorous quantitative analysis of economic data and econometric applications. ABOUT THE AUTHOR:- Dr. T. Lakshmanasamy is a faculty at the Department of Econometrics, University of Madras, Chennai for more than three decades. He obtained M.A. degree in Economics in 1982 and Doctorate degree in Econometrics in 1988 from the University of Madras. He was awarded the Rockefeller Foundation Special Post Doctoral Fellowship in 1992 for research at the University of Southern California, Los Angeles, USA. He has visited the University of South Pacific, Suva, Fiji Islands in 2005 and was invited by the International Union for the Scientific Study of Population for the 26th International Population Conference at Marrakech, Morocco in 2009 and for the 27th International Population Conference at Busan, South Korea in 2013. His research interests are on the economic methodology and applied econometrics of development, population, human resources, household behaviour, social networks, happiness, behavioural economics, neuroeconomics, and genoeconomics. He has published seven books on the Methodology of Applied Economic Research, Economics of Human Behaviour, Population Dynamics and Human Development, Economics of House hold Non - Market Behaviour, Economics of Growth, Inequality, Institutions and Development, Applied Microeconometrics of Human Decisions and New and Evolving Economics - Biological and Behavioural Perspectives on Economic Behaviour. He has published more than 100 research papers in leading journals and contributed over 50 chapters in books. He has presented research papers in 25 international and in more than 100 national conferences and seminars. He has delivered lectures extensively on thinking economic way, economic theory, econometric methodology and applications, and computer analysis in a number of seminars, workshops and research methodology programmes. His research works quantitatively analyse economic and social issues using a variety of theory and econometric methods. His econometric works on discrimination and social issues, household decision making, and efficiency analysis are widely quoted. CONTENTS:- Preface . 7 List of Tables . 9 List of Figures . 15 Section - I Simultaneous Equations Econometrics 1. The Effect of Parental Education on Child Education: 2SLS-IV Estimation of Intergenerational Education Mobility . 19 2. The Relationship between Income and Nutrition: Non-para.…