Econometrics 21st Century Economics Series Textbooks

Author: Zhao Guoqing
Publisher:
Publish Date: 2001-02-01
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 function of econometric models in analyzing problems and assisting decision-making in the field of economics. This is specifically reflected in the following content: the F-test for changes, distributed lag models, discrete choice models, restricted 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 examples. While providing statistical interpretations of the estimation results, it also offers detailed discussions on their economic implications. The main examples include: the consumption function, the Phillips curve, the production function, the import function, the Klein model, and the error correction model (ECM). The authors 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.