Palgrave Handbook of Econometrics: Applied Econometrics

Terence C. Mills and Kerry Patterson xxiii there are ways to “robustify” the empirical model and forecasts from it so as to miti ...

xxiv Editors’ Introduction a number of other attractive specifications; for example, jump diffusions, affine diffusions, affine ...

Terence C. Mills and Kerry Patterson xxv MDH, whereas others have found little evidence against it. In this context, applying a ...

xxvi Editors’ Introduction to a considerable number of empirical papers in this area. Thus, the question of “Where are we now?” ...

Terence C. Mills and Kerry Patterson xxvii Naturally, underlying the concept of convergence is an economic model, typi- cally a ...

xxviii Editors’ Introduction different kinds of data that have been used and an assessment of the econometric problems that have ...

Terence C. Mills and Kerry Patterson xxix of neighborhood, proximity to parks, schools, measures of environmental quality, and s ...

xxx Editors’ Introduction offers a fruitful way of combining different methods to inform the overall view on convergence. Part X ...

Terence C. Mills and Kerry Patterson xxxi Over the 14-year review period, 1995–2008, there were 513 research articles pub- lishe ...

xxxii Editors’ Introduction Thanks also go the production team at Palgrave Macmillan, only some of whom can be named individuall ...

Terence C. Mills and Kerry Patterson xxxiii Nelson, C.R. and C.I. Plosser (1982). Trends and random walks in macroeconomic time ...

1 The Methodology of Empirical Econometric Modeling: Applied Econometrics Through the Looking-Glass David F. Hendry Abstract Thi ...

4 Methodology of Empirical Econometric Modeling 1.4.3 Data exactitude 30 1.4.4 Hidden dependencies 30 1.4.5 Conditioning variabl ...

David F. Hendry 5 main aim of an introductory chapter is often to overview the contents of the vol- ume, but that is manifestly ...

6 Methodology of Empirical Econometric Modeling “theory of Applied Econometrics” which highlights some of the problems empirical ...

David F. Hendry 7 stimulates theory. Yet the latter is rarely the case in applied econometrics – and to see how we arrived at su ...

8 Methodology of Empirical Econometric Modeling of simultaneity, identification, exogeneity, and partial effects (see Wright, 19 ...

David F. Hendry 9 Mitchell (1946) allowed the assertion of “measurement without theory” to become capable of dismissing empirica ...

10 Methodology of Empirical Econometric Modeling progress might be somewhat inefficient when new theories are easily generated a ...

David F. Hendry 11 theory already existed, so complicated issues of model choice could be avoided by imposing valid restrictions ...