Hayashi, Fumio (2000). Econometric Analysis

In this hook I consider regression models for munt eiependent variables, i.c., dependent variables that take thc valucs y = 0, 1, 2, … without explicit upper limit. Regression ana.lysi;;, narrowly defined, attempts to explain variations in the conditional expectation of y with the help of variation in explanatory variable;; ::r. Regres;;ion analysis, more broadly defined and as u;;ed in this book, refers to the estimation of conditional distribution functions of y given x.

This book is a collection of 20 chapters on chosen topics from cross-section and panel data econometrics. It explores both theoretical and practical aspects of selected cutting-edge techniques which are gaining popularity among applied econometricians, while following the motto of “keeping things simple”. Each chapter gives a basic introduction to one such method, directs readers to supplementary references, and shows an application. The book takes into account that—A: The field of econometrics is evolving very fast and leading textbooks are trying to cover some of the recent developments in revised editions. This book offers basic introduction to state-of-the-art techniques and recent advances in econometric models with detailed applications from various developing and developed countries. B: An applied researcher or practitioner may prefer reference books with a simple introduction to an advanced econometric method or model with no theorems but with a longer discussion on empirical application. Thus, an applied econometrics textbook covering these cutting-edge methods is highly warranted; a void this book attempts to fills.