February 25, 2013

Econometrics 5th Edition by Badi H. Baltagi

Econometrics 5th Edition PDF Download Ebook. Badi H. Baltagi teaches some of the basic econometric methods and the underlying assumptions behind them. It also includes a simple and concise treatment of more advanced topics in spatial correlation, panel data, limited dependent variables, regression diagnostics, specification testing and time series analysis.

Each chapter has a set of theoretical exercises as well as empirical illustrations using real economic applications. These empirical exercises usually replicate a published article using Stata or Eviews. It is most useful text for an econometrics course. There are not many introductions to econometrics which approach the relevant material so consistently from the viewpoint of the student.

Teaching econometrics is not an easy task. There is always this elusive balance between mathematical rigor and economic intuition. This textbook keeps this balance perfectly well, and does a good job at persuasion too. It teaches mostly by example, appeals a lot to intuition, and provides numerous real world data sets to practice. It is therefore also well suited for self study and can be recommended.

Author strikes a balance between a rigorous approach that proves theorems and a completely empirical approach. The exercises contain theoretical problems that should supplement the understanding material in each chapter The book is also well suited for self study and can be recommended to everybody who is in need to quickly acquire the basics of the field.

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