Econometrics IV

Preamble These lecture notes were written for a 2nd-year Ph.D. course in econometrics of panel data and limited-dependent-variable-models. The primary goal of the course is to introduce tools necessary to understand and implement empirical studies in economics focusing on other than time-series issues. The main emphasis of the course is twofold: (i) to extend regression models in the context of cross-section and panel data analysis, (ii) to focus on situations where linear regression models are not appropriate and to study alternative methods. Examples from applied work will be used to illustrate the discussed methods. Note that the course covers much of the work of the Nobel prize laureates for 2000. The main reference textbooks for the course are: 1. Below find a simplified course outline including selected readings: 1. Causal parameters and policy analysis in econometrics • Heckman, J.J. (2000) " Causal parameters and policy analysis in econo-metrics: A twentieth century perspective " QJE February 2000.