The book's comprehensive coverage on the application of ecometric methods to empirical analysis of ecomic issues is impressive. It uncovers the missing link between textbooks on ecomic theory and ecometrics and highlights the powerful connection between ecomic theory and empirical analysis perfectly through examples on rigorous experimental design. The use of data sets for estimation derived with the Monte Carlo method helps facilitate the understanding of the role of hypothesis testing applied to ecomic models. Topics covered in the book are: consumer behavior, producer behavior, market equilibrium, macroecomic models, qualitative-response models, panel data analysis and time-series analysis. Key ecometric models are introduced, specified, estimated and evaluated. The treatment on methods of estimation in ecometrics and the discipline of hypothesis testing makes it a must-have for graduate students of ecomics and ecometrics and aids their understanding on how to estimate ecomic models and evaluate the results in terms of policy implications.
Atsushi Maki is presently with the Department of Economics, Tokyo International University, Japan. He is Professor Emeritus of Economics at Keio University, Japan. Previously, he was Professor of Economics (1987-2009) at the Faculty of Business and Commerce, Keio University. He has been a visiting scholar at several universities such as Harvard University and the Australian National University, and has taught at several universities and institutions such as Osaka University, ESSEC (France), KSMS (Kenya) and Willamette University as a visiting professor. His main fields are empirical analysis of consumer behaviour and market behaviour.
Taylor & Francis Ltd
Date of Publication
Economics: Textbooks & Study Guides
Routledge Advanced Texts in Economics and Finance
Place of Publication
Country of Publication
50 black & white illustrations, 82 black & white tables, 50 black & white line drawings