Makree Cross- Validation Methods 23 1. I will certainly use this in my graduate econometrics courses and in conducting my own research. Check out the top books of the year on our page Best Books of The conventional nonparametric approach to dealing with the econkmetrics of discrete variables is acknowledged to be unsatisfactory. Qi Li and Jeffrey Racine emphasize nonparametric techniques suited to the rich array of data types—continuous, nominal, and ordinal—within one coherent framework.
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Supplementary Materials Until now, students and researchers in nonparametric and semiparametric statistics and econometrics have had to turn to the latest journal articles to keep pace with these emerging methods of economic analysis. Nonparametric Econometrics fills a major gap by gathering together the most up-to-date theory and techniques and presenting them in a remarkably straightforward and accessible format.
Nonparametric and semiparametric methods have attracted a great deal of attention from statisticians in recent decades. While the majority of existing books on the subject operate from the presumption that the underlying data is strictly continuous in nature, more often than not social scientists deal with categorical data — nominal and ordinal — in applied settings.
This book is tailored to the needs of applied econometricians and social scientists. Qi Li and Jeffrey Racine emphasize nonparametric techniques suited to the rich array of data types — continuous, nominal, and ordinal — within one coherent framework. In addition, because the coverage of the book is very comprehensive and up-to-date, it constitutes an excellent reference for researchers applying these techniques. Therefore, it can satisfy the needs of both audiences with a solid background in theoretical econometrics and more applied audiences.
Li and Racine have done a fantastic job of bringing together all the latest developments in non-parametric estimation and treating them in a unified, accessible way.
In particular, recent developments on using mixed continuous and discrete data, research to which Li and Raci have contributed immensely, are well covered.
The theoretical treatment of nonparametric methods is remarkably complete in its coverage of mainstream and relatively arcane topics. I will certainly use this in my graduate econometrics courses and in conducting my own research. The lack of applications of those techniques is perhaps attributable to the lack of a good textbook that explains intuitively how and why those techniques work. This book by Li and Racine serves both applied researchers and graduate students.
It is written in plain language so that it can be understood by anyone with basic econometrics but zero knowledge of nonparametric methods. And it contains enough specifics that clearly spell out steps to implement those methods. It provides an extremely thorough coverage of our knowledge in the area of nonparametric and semiparametric methods as they apply to economic models and economic data.
There is a good balance of theoretical material and applications. Giles, University of Victoria Resources.
LI RACINE NONPARAMETRIC ECONOMETRICS PDF
Econ Reference Letters Occasionally I am asked to provide a letter of reference on behalf of a student. Kindly appreciate that no letter of reference is better than a weak letter of reference. Research Books 1. Racine, J. Note that lecture slides, assignments, exams, and a solutions manual are available upon request to instructors who adopt this book slides in LaTeX Beamer format. See the website link below for further details see the Companion Website in the link below.
Nonparametric Econometrics : Theory and Practice