Econometrics, statistics and mathematical economics

Page 3

Econometrics, Statistics and Mathematical Economics Regression Analysis of Count Data

The Econometric Society Monographs series is designed to promote the publication of original research contributions of high quality in economic theory and theoretical and applied econometrics.

A. Colin Cameron University of California, Davis

Visit www.cambridge.org/ESMseries for more information.

eBook forthcoming

Series Editors: George J. Mailath, Rosa L. Matzkin

Th Ge e vo ha nera lati liz lity su ve ch pro ed of fi ch vid Au na an ed tore ncia – gre l re fo w b that ges. th rm oo is, Ta e p ss turn in k u ive e k ri la s te sho xtr ing nc vo the Co ch ip e d w Praise be latilit stati lea s h me into al n an for the m dit ge tw st d Sc s io e s ow valu acc e y, su ic first to a sm es ou ans na ove edition se ore en tr ch al th lH a “[A]n n r ti rie of Re m ad as eo re all can t th of e impres a m o s p gressi e b oc at an tero e a com th ry so sive pre an plic and dels s. F ose . T luti ut on An fin aly c piece sc n he ati on rad ur d zin alysis a rigorou hensive ed d, fo ex urt to of wo p a to o a ic fro nc ri des h g o of Co ri a te n s p rk in crip ele ncip tim s n the nd erm sin pro f m al c m ti ial re , m stic r th applica and eas unt Da all res e la g y to rea tion of tions, ta pects: va gan les e se ot o trea s to ore fro ach any han me turn ode ity Praise for Advances in Economics the large d, and var , and Econometrics: Tenth World (G st th ge lu lli n tm to o it sub t m o ious ri c provid ly Congress bibliog ro the a e ject, A ti s ty ng exercis it contain in da an f th irty and bu of nd f m es in to en es the it is e th me pic a RC a t resear raphy. Thi s use a es, and st mo ta “This collection of papers gives EC othe ma N o M E firs ful dis oth fina of T Rt I C S o C IthEeT yunifiM oxim an up-to-date review of the literature re chers.” H S s boo on lso the e w – A ally nd H) m yea m P N o a g ti R matica An pro ed um in major – cussio m o b k wil precis fields of economics by influential a rs g n o erA PncHia S m l bec Ala R A scholars. Anyone interested in ns, e-v de ene the e ap reti y G dre exh on ode , D e pre po tre Clly d ome knowing the o gin Mo l frontier of knowledge in economic sentati interesting am Re a bas se ary lling ral ran plie cal AR w C ibit itori ls atm like isc da nfort, science will profit from reading these o NStatist w e lih C ta ip on ic p g d ng essays.” b c M h . Centr referen in d – James J. Heckman, Nobel Laureate, ro of a co H e ique o e ri lin la o m y to e de Henry Schultz Distinguished ble m Harv eavy thver yno dg C. ss of ce for od nt o od e but g re Ef C o E“.T a Service Professor, University of Reche stu of retu oth m ode ey’ els f n C I . . collec est s. T als lati uo tlien o bodenn 10 me e a HA Chicago, and President s M rche of the ts D e h R tr o ls n o S o treate ts s E o im rs is in r e d n yn T rn ve ic an ext R en Eco an oks 0 are Econometric IC h d bef illu line ati st to m nsh Society 2013 in am sI aC Sasp ensive a ore in nom(C d F , T art So a F y TR . . . ip n o C eren o st a iea et o are ver amoun a tex he icle cie ello is ME ra r ti n a tistic acro s. the ic C d th ectsI E T “Every five years a remarkable t y o re m en tbook. m co te As Mo ty collective actNof generosity takes econom s t of w Pro le e o e o a e nd d nog place in the y illustra o in m bri cast Ec economics profession. More than mater The a fe of by -se , b l th con su vels ndit tim f tive. o pu dg fifty E RAP tex ofCthe world’s top researchers ic other – alletr ial wh jo n e io their most productive and with e U ing nom urn d o Co sso fitt rie y d eory om ch, te HS fieldsat monograp Although t is well o ich n great demands on their time – s rp has in th f ti al an etr als f th rpu r o agree to writeof app hs it the boo written m oin d ic essays on the state of their respective g not a niv f d and should lied s – Ma fields. Equally generous is the work th ode g so raw time ere me k app a e e the exa been cka ers statist S ic putthema em in by the editors of these volumes, also lli ears ge ity tru An nd Briti Chri con , le s o se are ics.” Daron Acemoglu, Manuel Arellano, mples tical be stu in to ng. . Pre ctu aly ed sh sti and om Eddie Dekel, who masterminded A. Co Revie ad n b ries diedCov the series the Tenth World Congress of the T re ws lin asi ss ral sis ited Ac Co etr s by al he Society held in Shanghai in August er peo CA of CaEconometric , 19 T c lle ic 2010, and whose task it was lifo de da pra to vo ad o ple fro rnia, themeron to decide sign frontier fields and select the pioneering an 89 ime f T lum em ge s a ta c Davis m is Pro authors. We are indebted to them . t im se tica ). y. :N fessor all . for their insights into what is happening th He Seri e es ts ew He He l at the cutting edge Pr e of . a and ss Av for ge e is showing S Eco is us where economics is heading.” in K. U ha nom n ngre on s M eri nd Queen Kno ics at s a F niv Trive e o od es, is – John Moore, Edinburgh University ld Co jor sland, the Un wle th pu ello ers di is and London School Wor f th els Profes of Economics T e b in ma the and it dg iversit nth re sor Em Disting Profes e d an ime au lish w o y o e y of W sor s: Te ratu owing .” “These three volumes contain erit uis or eve d lite selected plenary papers from the of Eco S tho ed f th f kn says d etric ks 2010 Worldus of Eco hed Pro 97 in the m e om lo the erie r o Pro Pv es he Congress of the Econometric Society, which nom 81 fes nom o pe f se is the premier fes t Lt ics, w of ested sors scientific s e Econ global ics at 107630 sor Em nguis rs Kalm M thre re Unive d Cam Regres revie inter ing the Disti nt of thsociety for economic analysis. Leading economists from all and eritus Indian 02 eron of rsity parts od of the world 13 ad ics e sion 4c a and and -date yone m re vr. Un th an of hultz eside ty 20meet in such a world congress only once every five years, Microe Analysi iversit J. H. ind onom An t fro Trivedi e S Filt els and Pr plenary cie y Sc speakers there endeavor to summarize up-to d conthe s of Ru y, Blo in Ec ometri are an holars. ll profi Henr , and ric So 1 the best of current TA er 2005), Count oming dy research es theapplications. Together coauth es cs: et te, icago sc and Mic in theory M wi inand Dat giv in ton these Me ea volumes, vanc om al ors ce they a P offer us a broad view . ce frontier rs ur Ch (Camb roecon nti of the thods and their of economic analysis of the ien r Ad pla at A. Col Econ today.” omics pape influe ic sc bel La ity of ridge e fo ys Applica all first kes in Cam of rs Using Univer edition essa e – Roger Myerson, Nobel Laureate, Prais y ta ers – tions ion ics by econom n, No Unive eron’s Sta sity th ct sit ite University ma Pravin of Chicago (Camb ta Rev r, ro of web wr in by Press, arch colle onom ge in Heck esso page: ridge Trivedi ised kel, gene p rese ree to put DARoN 1998), ec led Edition http Univers De ACEMogLU ’s web of s J. Prof “This of is the Elizabeth and James Killian ld ://cam die (2010) ity Pre page: act rld’s to e – ag e work Edat know Jame rvice Professor of Economics eron.e the ty he Massachusetts Institute of Technology – fields er of ive . ss, d Se tim is th wo cie fields con.uc and the recipient of the John http ://mypa llect the their So o, an Bates us fronti davis.e ier ClarktsMedal in 2005. ge.iu.e le co ty of s on nero Arellan ometric front insigh du/ du/~tri rkab an fif l nd lly ge e ics on vedi/ their onom rema ore th t dema Equa Manue e Ec cide th rMANUEL ARELLANo is Professor of Economics fo th . M s a ea de at CEMFI, Madrid. all e ec oglu, ss of s to year sion. th gr fields ics em wher om five profes d wi ective n Acem ngre it wa to th us EDDIE DEKEL ry an Co is the William R. Kenan, Jr., Professor sk ro ing Econ ted of Economics at North“Eve omics tive eir resp , Da World e ta indeb show ld and western ol of University uc or os es r the on grace ho th h and W ty od of Daniel Ross wh CovProfessor ec nt Sc Tel Aviv University. are of Economics at d fo er des volum e Te , and st pr te on 2010 cie We ge an ign: th mo e sta these New 10 the tific so et in Lond ors. ed ed gen th m Knowled st 20 auth tting and on fro l scien rld me ere rs of rmind guA ge Wor rs dving the cu th rsity ba edito maste in AuA neer ks Pvt ive pape glo the woeakers tions. ai aat o Un Ltd wh angh the piocen eming nc ic nary premier rts of ry sp plica urgh t om ple pp e og eEd pa plena in Sh selec d ap econ s inb ted all is th is ha lure, in the eory an ier of and what selec which s from go Moo , A .” nt and th ica into ading John recontEain co ciety, omist years, ch in the fro – of Ch es ll ric So is he no econ y five resear w of rsity ics lum ometan vie ing er ive nt om vo m o d ev ad s Un e on PM , ce ic :50 Econ Bate curre broa te, thre the Ec sis. Le ly aon 1:14 nd st of s us a r of hn urea se 13 aly of on 4/2/ an l La esso the Jo “The ress ic an ress the beD of fer be of ng eye d om cong t of , No n Pr Co arize es, th ke Econ 9781107627314cvr.indd econ rld Killia cipien l yers mm for M on James the re 1 a wo to su e volum ger es such avor od y and – Ro rid. rth in th th an m log No ende ther day.” Mad 4/2/13 1:18:16 PM at at Tel zabe chno etr MFI, ics Te Toge sis to e Eli ic om omics is th ute of s,ics at CE analy Econ on tit LU om V og ts Ins r of r of Ec on o so EM et lu es esso of Ec N AC sachus 05. Profm Prof sor Ro Jr., sse DA e Mas in 20 ofes n, l Ro al I is Pr Kena Danie at th k Med No R. and Clar ELLA illiam ace W L AR UE the the gr MAN L is and KE rsity DE DIE Unive . ED rn rsity ste ES we Unive M Aviv ne

5

:1

1: 09

50

An

om

ic

• Gives up-to-date and comprehensive coverage of different types of count data • Provides a guide to implementation of models that is both systematic and amply illustrated with real empirical examples • Supported by additional resources such as data, template programs and bibliographic materials valuable to instructors

dr

13

M

ES

PM

Ed

it

D e M aro d b Ed anu n A y di el ce e D Are mog ek ll el an lu o

on

A. C ol Pravi in Camer n K. on Trived i

4/ 2/

IC

R

T

E

M

o

N

o

C

E

s

Ta il

an

e C D o n y o M Vo na e TR iC la mic W S o C Tim ith A til ie M ity Ty p e od M Se plic o an rie at n el o io s G d ns s R A P f to H H S Fin ea or an cia vy la T nd ai ls Ec

r

vy

ea

H

dv

fo

d

an

52

53

A

els

od

ty

M

ES

ESM

e II

um Vol

an

y

tili

n

Edited by

Daron Acemoglu Manuel Arellano Eddie Dekel

D

n arv am ey ic M

Vo la

ition

nd Ed itio

Seco

by moglu o ce n A rellan Daro uel A el n Ma ie Dek Edd ed

Edit ESM 51

d Te S o C Ec ces Ec nth IE T on W y o M om or in o N ic ld C no o g Th o m Ec R A eo ng P et on H ry res S ri s, om Vo c s lu i m c e s I,

H

n An

and

essio

ron

Regr

Came

f Co Tenth World Congress, Volume III, unt Secon Econometrics t Da ta,

cs, etri om

on

on n erv . n Ec a ed th pro ics ye on ic Hec om tial n u e w ito e s du pro ars om Pro km ic s sc p-t in ho rs tate cti fes a o h etr fe an, cien ola -d an Sh ma of th of ve sio rem ic ss N c rs a s: or, ob e w . te re in d s ang ste es th and n. M ark Te Un el L ill Any vie is to w ele ha rmin e vo eir re w ore ab nth it le he h ct i in d iv au pro on w W ers re fi e lum sp h g th c ad at e th o orl in is e p Aug d th es ecti rea an olle ity ate t fro inte f th d g.” ha “T , e ve t d fift cti u of , H m Co re e pp ion st T D ve e y C he Ch en rea ste lite – ng en eeri 20 enth aro field ma of Jo a fo ong se ic ry din d ratu n re in n 10 s. nd the ct h th a r S re W A in g ss g , n su e Ec go, ch g th k re s re at au an orl ce Eq s o wo of M en ch con s o e oo on an ult es no in rl g th th d w d mo ua n e ors h Co glu lly th d’s ene om d z D e e win m re To de a w om f th volu e c e P , a ro o g to ir utt . W s ng , etr re isti ss g ajor Ed an ge vo orl ic E m e re M en ti p sit in aly the r to d c an con es in ic sid ng ays the g e a tas ss an ero me res y ta bu So en uis .” sis r in s on aly om co ue u ed re k ea k – o rg sis e n s g u t c h ge in it f th l A is ag rc es to th m re ta ie of ed h D ty da es m ss . L tric in Un th an deb wa e rella th ree he pla at ARo 20 e rs y.” e vo ari on ea So se e iv d te s to Ec ce din c ze no w to ers 13 – Cla the N le fo ly o d lu ie r s to de no , a ork wri all in ity m the on g e ty cte rk M AC ho th cid me nd p te at c es th d c , an M ass EM M w em e tric E ut , th bes e e on whic ple e th e ed a o d AN in dd in ss eir Lo al ch gL ey t o very om h g a th UE – is na us ll fo e fr Soc ie by ays nd ED in us U Ro off f c fi ists th ry L 20 ett is on w r on iety De the w DIE ge AR er urr ve p fr e he th ti k 05 s In th Sc rM us en yea om pre ape Av este D EL h el, re eir er . ho sti e E m rs iv rn EK LA a t re rs ye ec in fie eld bro s , a all ier tu liz ol Un U rs No fr E on sig lds e te ab of on iv niv L is ad arc nd part glo om om hts of eth is ers e Ec ,N vie h in the s o bal th Pro Te ic on ob ity. rsit the e s ch a nd w y om fe th ple f th scie 20 el an W o n n s e J La f th o a e olo a nti 10 ic so d illia s ure ro th e ry a ry s worl fic W g y me e m fro n pe d so o fE ate an s K g R nti d a ak m cie rld co ra . K d illia ,U er pp ers ee ty ce e th no niv e nP of lic th t in m a n na re ers ic ec ati e d n, cip rofe s ity Da Jr. on on re at ie ss om s . nie , P of CE nt o Ch l R ro ic of r o M FI, ic os fes th f E ag e c s s M Jo o n Pro or o ad hn om rid fe of Ba ics s s Ec . or on te s of o m Ec ic on s om at ic No s at rthTe l

ils

alysis of Co un

Ec and ics l om Deke Econ and s in lano, ance , Arel lu

orl omic th W on Ten ed Ec li App

and Pravin Trivedi Indiana University, Bloomington

Students in both social and natural sciences often seek regression methods to explain the frequency of events, such as visits to a doctor, auto accidents, or new patents awarded. This second edition provides the most comprehensive and up-todate account of models and methods to interpret such data.

ta

Advances in Economics Reg ress and Econometrics ion o Ana lysis Data d Ed Trived i

Advances in Economics and Econometrics, Volume III

Acemoglu, Arellano, and Dekel

og em Ac

Adv

d

s

mic no Eco s in trics e c e II, me van om Ad Econ ress, Volu ong dC s and

Second edition

ew

49

3/1

3/1

3

C.

Ha

rv

ey

July 2013 228 x 152 mm 587pp 17 b/w illus. 56 tables 978-1-107-01416-9 £ 80.00 HB 978-1-107-66727-3 £ 35.00 PB

5:4

8:2

4

PM

1

r.ind

5cv

416

767

110

978

10

76

38

10

5c vr

.in

dd

1

www.cambridge.org/Econometrics

3


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
Econometrics, statistics and mathematical economics by Cambridge University Press - Issuu