http://parke.econ-courses.com/170spring2005/ Econometrics -- Professor William R. Parke Copyright 2005 Thu, 28 Apr 2005 22:39:45 -0500 http://www.movabletype.org/?v=3.11 http://blogs.law.harvard.edu/tech/rss http://www.econ-courses.com/parke/170spring2005/archives/2005/04/midterm_2_notes.html http://www.econ-courses.com/parke/170spring2005/archives/2005/04/midterm_2_notes.html Thu, 28 Apr 2005 22:39:45 -0500 http://www.econ-courses.com/parke/170spring2005/archives/2005/04/discrete_depend.html http://www.econ-courses.com/parke/170spring2005/archives/2005/04/discrete_depend.html Tue, 26 Apr 2005 22:31:33 -0500 http://www.econ-courses.com/parke/170spring2005/archives/2005/04/implementing_2s.html http://www.econ-courses.com/parke/170spring2005/archives/2005/04/implementing_2s.html Tue, 19 Apr 2005 19:32:01 -0500 http://www.econ-courses.com/parke/170spring2005/archives/2005/04/term_paper_1.html http://www.econ-courses.com/parke/170spring2005/archives/2005/04/term_paper_1.html Thu, 14 Apr 2005 19:29:03 -0500 Due: 5/3 How long does my term paper have to be?... http://www.econ-courses.com/parke/170spring2005/archives/2005/04/term_paper_spec.html http://www.econ-courses.com/parke/170spring2005/archives/2005/04/term_paper_spec.html Thu, 14 Apr 2005 11:06:30 -0500 Identification is required for parameter estimation to be possible. Two-stage least squares is a common method for estimating identified equations.... http://www.econ-courses.com/parke/170spring2005/archives/2005/04/identification.html http://www.econ-courses.com/parke/170spring2005/archives/2005/04/identification.html Tue, 12 Apr 2005 19:47:56 -0500 To run two stage least squares with Stata, use the ivreg command. This is in the menu as Statistics | Linear regression and related | Multiple equation models | Instrumental variables and two-stage least squares. Here is a log file... http://www.econ-courses.com/parke/170spring2005/archives/2005/04/2sls_with_stata.html http://www.econ-courses.com/parke/170spring2005/archives/2005/04/2sls_with_stata.html Tue, 12 Apr 2005 15:27:50 -0500 The term paper is due at the final exam. You can choose to use your own data or one of the following: Bureau of Labor Statistics survey BLS data useful notes St. Louis Federal Reserve Bank FRED... http://www.econ-courses.com/parke/170spring2005/archives/2005/04/term_paper.html http://www.econ-courses.com/parke/170spring2005/archives/2005/04/term_paper.html Tue, 12 Apr 2005 14:04:20 -0500 When the right-hand side regressors are correlated with the error term, the parameters estimates are not consistent. This problem arises with simultaneous equations systems, which includes most economics models.... http://www.econ-courses.com/parke/170spring2005/archives/2005/04/simultaneity.html http://www.econ-courses.com/parke/170spring2005/archives/2005/04/simultaneity.html Thu, 07 Apr 2005 22:37:45 -0500 Hints for the homework: log file.... http://www.econ-courses.com/parke/170spring2005/archives/2005/04/ch_13_help.html http://www.econ-courses.com/parke/170spring2005/archives/2005/04/ch_13_help.html Thu, 07 Apr 2005 11:49:53 -0500 Supply and Demand involves two curves and two equations. A regression model involves one curve and one equation. There is a fundamental mismatch.... http://www.econ-courses.com/parke/170spring2005/archives/2005/04/the_number_of_e.html http://www.econ-courses.com/parke/170spring2005/archives/2005/04/the_number_of_e.html Tue, 05 Apr 2005 21:16:50 -0500 We started our discussion of simultaneous equations models with a classic example.... http://www.econ-courses.com/parke/170spring2005/archives/2005/04/who_pays_a_sale.html http://www.econ-courses.com/parke/170spring2005/archives/2005/04/who_pays_a_sale.html Tue, 05 Apr 2005 21:10:31 -0500 http://www.econ-courses.com/parke/170spring2005/archives/2005/03/heteroskedastic.html http://www.econ-courses.com/parke/170spring2005/archives/2005/03/heteroskedastic.html Thu, 31 Mar 2005 20:58:39 -0500 Due Tuesday 4/5: Chapter 12, #1-7. Due Thursday 3/31: the following exercise that can be based largely on the do file mc2-rho.do .... http://www.econ-courses.com/parke/170spring2005/archives/2005/03/hw.html http://www.econ-courses.com/parke/170spring2005/archives/2005/03/hw.html Tue, 29 Mar 2005 10:53:11 -0500 http://www.econ-courses.com/parke/170spring2005/archives/2005/03/serially_correl_1.html http://www.econ-courses.com/parke/170spring2005/archives/2005/03/serially_correl_1.html Thu, 24 Mar 2005 20:43:02 -0500