Simultaneous Equation Econometrics: The Missing Example.
For introductory presentation of issues involving simultaneous equation systems, a natural vehicle consists of supply and demand relationships for a single good. One would expect to find in econometrics textbooks a supply-demand example featuring actual data in which structural estimation methods yi...
| Published in: | Economic Inquiry Vol. 44; no. 2; pp. 374 - 385 |
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| Main Authors: | , |
| Format: | Article |
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Wiley-Blackwell
April 2006
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| Subjects: | |
| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510556565&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510556565 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: N pubinfo: dt: April 2006 vid: 44 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 510556565 10.1093/ei/cbj022 ppf: 374 ppct: 11 formats: fmt: – @attributes: type: T – @attributes: type: P size: 752KB tig: atl: Simultaneous Equation Econometrics: The Missing Example. aug: au: Epple, Dennis McCallum, Bennett T. su: Broiler chickens Supply & demand Econometrics Textbooks Simultaneous equations sug: subj: Broiler chickens Supply & demand Econometrics Textbooks Simultaneous equations ab: For introductory presentation of issues involving simultaneous equation systems, a natural vehicle consists of supply and demand relationships for a single good. One would expect to find in econometrics textbooks a supply-demand example featuring actual data in which structural estimation methods yield more satisfactory results than does ordinary least squares. But a search of 26 existing textbooks finds no example with actual data in which all crucial parameter estimates are of the proper sign and are statistically significant. The present article accordingly develops a simple but satisfying example, for broiler chickens, based on U.S. annual data from 1960 to 1999. (JEL C30) Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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