Here are some suggestions for you:Ai, C. and E. C. Norton, 2003. Interaction terms in logit and probit models. Economics Letters, 80, 123-129.Hirschberg, J. and J. Lye, 2017. Inverting the indirect - the ellipse and the Boomerang: Visualizing the confi...
Continuing on from my earlier posts about vintage years for econometrics in the 1930's, 1940's, 1950's, 1960's, here's my tasting guide for the 1970's.Once again, let me note that "in econometrics, what constitutes quality and importance is partly a ma...
New Year's resolution - read more Econometrics!Bürgi, C., 2016. What do we lose when we average expectations? RPF Working Paper No. 2016-013, Department of Economics, George Washington University.Cox, D.R., 2016. Some pioneers of modern statistical th...
You'll see that this month's reading list relates, in part, to my two recent posts about Ted Anderson and David Cox.Acharya, A., M. Blackwell, & M. Sen, 2015. Explaining causal findings without bias: Detecting and assessing direct effects. RWP15-19...
Unfortunately, this post deals with the recent loss of one of the great statisticians of our time - Theodore (Ted) W. Anderson.Ted passed away on 17 September of this year, at the age of 98.I'm hardly qualified to discuss the numerous, path-breaking, c...
Suppose that the random variables X1 and X2 are jointly distributed as bivariate Normal, with means of θ1 and θ2, variances of σ12 and σ22 respectively, and a correlation coefficient of ρ.In this post we're going to be looking at the distribution ...
Consider the following abstract for an econometrics paper:"The method of instrumental variables (IV) and the generalized method of moments (GMM), and their applications to the estimation of errors-in-variables and simultaneous equations models in econo...
As we count the year down, there's always time for more reading!Birg, L. and A. Goeddeke, 2014. Christmas economics - A sleigh ride. Discussion Paper No. 220, CEGE, University of Gottingen.Geraci, A., D. Fabbri, and C. Monfardini, 2014. Testing exogene...
A hat-tip to Judea Pearl, whose e-newsletter alerted me to this interesting post on the EvaluationHelp blog. It shows the original sixteen diagrams in Sewall Wright's classic 1921 paper on correlation and causality.Philip and Sewall Wright were re...
Empirical demand analysis played a central role in the early history of econometrics. For instance, studies relating to this topic laid the groundwork for our understanding of simultaneous equations systems, identification, and instrumental variables e...
