Econometrics (21st Century Economics Series Textbooks)

Author: Zhao Guoqing
Publisher:
Publish Date: 2005-04-01
Features: Econometrics is an applied discipline that studies the patterns of change in various economic variables in the production, distribution, exchange, and consumption of material resources. Statistics, economic theory, and mathematics are indispensable conditions for understanding the quantitative relationships in modern economic life, while their combination serves as a sufficient condition. This combination constitutes econometrics. This book aims to help students understand the concept of econometric models and master commonly used econometric models. It also explores the role and functions of econometric models in analyzing problems and assisting decision-making in the field of economics. This is specifically reflected in the content of: the F-test for changes, distributed lag models, discrete choice models, limited dependent variable models, panel data analysis, unit root tests for economic variables, and cointegration analysis. This book applies econometric methods to numerous domestic and international economic cases. While providing statistical explanations for the estimation results, it also offers detailed discussions on their economic implications. This primarily includes economic cases such as the consumption function, Phillips curve, production function, import function, Klein model, and error correction model (ECM). The compilers of this book are scholars who have long been engaged in teaching and research in econometrics, macroeconomics, and microeconomics. Most of them have experience in studying and teaching abroad.