BASIC ECONOMETRICS FOURTH EDITION Damodar N. Gujarati United States Military Academy‚ West Point Boston Burr Ridge‚ IL Dubuque‚ IA Madison‚ WI New York San Francisco St. Louis Bangkok Bogota Caracas Kuala Lumpur Lisbon London Madrid Mexico City Milan Montreal New Delhi Santiago Seoul Singapore Sydney Taipei Toronto McGraw-Hill Higher Education A Division of The McGraw-Hill Companies ’EZ BASIC ECONOMETRICS Published by McGraw-HiII/lrwin‚ a business unit of The McGraw-Hili Companies
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International Journal of Economics and Financial Issues Vol. 3‚ No. 3‚ 2013‚ pp.743-751 ISSN: 2146-4138 www.econjournals.com Foreign Aid and Economic Growth in Egypt: A Cointegration Analysis Hoda Abd El Hamid Ali Department of Economics and Foreign Trade‚ Faculty of Commerce and Business Administration‚ Helwan University‚ Cairo‚ Egypt. Tel: 00201003452575. Email: hoda_hawary@yahoo.com ABSTRACT: There is a current and growing debate on the effectiveness of foreign aid‚ especially in
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INVESTINGATING THE RELATIONSHIP AMONG CORRUPTION‚ POVERTY AND ECONOMIC GROWTH – NIGERIAN PERSPECTIVE ABSTRACT A plethora of empirical studies attempted investigating the causal relationship between corruption and poverty. But the outcome of those studies produced mixed results in a regression model that captured only two variables. In this investigated bivariate model‚ economic growth as an important variable was not included. In fact‚ omitting such an important variable could seriously affect
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Final Project Part II Sabrina Salas Business 308 Statistics for Managers Professor Edward Kaplan February 4‚ 2013 In today’s society‚ gas and oil prices continue to rise which has a direct impact not only on one’s household but also in the delivery service industry. As prices on gas rise‚ the impact is felt on the consumer as delivery services increase their prices. While many Americans try to conserve their savings‚ this places limits on spending. Due to the advancement
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particularly those involving financial data‚ large and small residuals tend to come in clusters‚ suggesting that the variance of an error may depend on the size of the preceding error. 3 ARCH-GARCH Models Recent development in financial econometrics require the use of models and techniques that are able to model the attitude of investors not only towards expected returns‚ but towards risk (or uncertainty) as well. This fact requires models that are capable of dealing with the volatility
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framework of the Master’s thesis. The course pays ample attention to the intuition and the applicability of a variety of econometric techniques that are widely used in contemporary empirical research. Reference will be made to many real world examples from the corporate finance and asset pricing literature. The classes intend to provide hands on experience with the econometric package STATA and will focus on a careful interpretation of the empirical results obtained. Content of the course Event
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ECON 3208/3291 Econometric Methods Tutorial 1 (tutorials to be held in week 2) The purpose of the following problem is to review some of the essential material covered in the Intro course. In an attempt to better understand the determinants of tobacco demand‚ consider the following specification of a demand function for daily cigarette consumption: CIGSi = β1 + β2 LINCOMEi + β3 LPRICEi + β4 EDUCi + β5 AGEi + β6 AGESQi + ui where i denotes individuals. This model is estimated using a sample
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theory of statistics (index numbers‚ distributed lags). These contributions are reflected in such works as The Nature of Capital and Income (1906)‚ The Theory of Interest (1907)‚ The Purchasing Power of Money (1911) -a great pioneering venture in econometrics - and The Making of Index Numbers (1922). In the Making of Index Numbers‚ Fisher tested many of the formulas introduced in this chapter by the criteria also discussed here. The few formulas that got superlative ratings (such as the Edgeworth index and
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Topic 1 Introduction UBEQ 2013 Basic Econometrics January 2015/16: Week 1 1 1.1 What is Econometrics? Econometrics is an amalgam (a mixture) of (i) economic theory‚ (ii) mathematical economics‚ (iii) economic statistics‚ and (iv) mathematical statistics. UBEQ 2013 Basic Econometrics January 2015/16: Week 1 2 1.2 Why Econometrics? Economic theory makes statements or hypotheses that are mostly qualitative. Example: In theory of demand‚ a reduction in the price of a commodity is expected to
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Seth Hill Professor Gwinn Econometrics March 3‚ 2011 Unemployment Rate and Total New Houses Sold For decades‚ owning a home has been touted as the very heart of "the American Dream"‚ but today that dream is out of reach for an increasing number of Americans. Why? It is because there are not nearly enough jobs for everyone. Without a jobs recovery‚ there simply is not going to be a housing recovery. In this report‚ I will perform a regression analysis to determine the effect of the Unemployment
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