Applications of Econometrics

Understanding the intricacies and nuances of econometric methods and their applications is an art that comes with sustained learning with practice only. Even more challenging is the grasping of empirical knowledge in the identification of appropriate technique, nature and quality of data and drawing meaningful inferences. In the ever increasing horizon of new techniques, knowledge of efficient and consistent methods of estimation of causal economic relationship is a great learning process for a researcher that comes with practical experience only. The papers in this volume attempt to unravel the issues involved in the applications of econometric methods. With strong economic theories, varied datasets and powerful econometric methods, this book analyses the underlying data issues, identification of estimation methods, empirical analyses and draws inferences for many economic problems. The econometric methods that comprise this book are time series, qualitative response variable, and panel data methods. This volume demonstrates the comprehensive nature of econometric applications that are at the heart of any empirical study and highlight the appropriateness of quantitative analysis for inferences from data valued for policy making. This book is intended to be a reference guide for a rigorous quantitative analysis and applications of econometric methods.