Limited-Dependent and Qualitative Variables in Econometrics

Business & Finance, Economics, Econometrics
Cover of the book Limited-Dependent and Qualitative Variables in Econometrics by G. S. Maddala, Cambridge University Press
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Author: G. S. Maddala ISBN: 9781107778955
Publisher: Cambridge University Press Publication: June 27, 1986
Imprint: Cambridge University Press Language: English
Author: G. S. Maddala
ISBN: 9781107778955
Publisher: Cambridge University Press
Publication: June 27, 1986
Imprint: Cambridge University Press
Language: English

This book presents the econometric analysis of single-equation and simultaneous-equation models in which the jointly dependent variables can be continuous, categorical, or truncated. Despite the traditional emphasis on continuous variables in econometrics, many of the economic variables encountered in practice are categorical (those for which a suitable category can be found but where no actual measurement exists) or truncated (those that can be observed only in certain ranges). Such variables are involved, for example, in models of occupational choice, choice of tenure in housing, and choice of type of schooling. Models with regulated prices and rationing, and models for program evaluation, also represent areas of application for the techniques presented by the author.

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This book presents the econometric analysis of single-equation and simultaneous-equation models in which the jointly dependent variables can be continuous, categorical, or truncated. Despite the traditional emphasis on continuous variables in econometrics, many of the economic variables encountered in practice are categorical (those for which a suitable category can be found but where no actual measurement exists) or truncated (those that can be observed only in certain ranges). Such variables are involved, for example, in models of occupational choice, choice of tenure in housing, and choice of type of schooling. Models with regulated prices and rationing, and models for program evaluation, also represent areas of application for the techniques presented by the author.

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