Semiparametric and Nonparametric Methods in Econometrics

  • Joel L. Horowitz
Part of the Springer Series in Statistics book series (SSS)

Table of contents

  1. Front Matter
    Pages i-x
  2. Joel L. Horowitz
    Pages 1-6
  3. Joel L. Horowitz
    Pages 7-51
  4. Joel L. Horowitz
    Pages 95-133
  5. Joel L. Horowitz
    Pages 135-188
  6. Joel L. Horowitz
    Pages 189-232
  7. Joel L. Horowitz
    Pages 233-255
  8. Back Matter
    Pages 257-271

About this book

Introduction

Standard methods for estimating empirical models in economics and many other fields rely on strong assumptions about functional forms and the distributions of unobserved random variables. Often, it is assumed that functions of interest are linear or that unobserved random variables are normally distributed. Such assumptions simplify estimation and statistical inference but are rarely justified by economic theory or other a priori considerations. Inference based on convenient but incorrect assumptions about functional forms and distributions can be highly misleading. Nonparametric and semiparametric statistical methods provide a way to reduce the strength of the assumptions required for estimation and inference, thereby reducing the opportunities for obtaining misleading results. These methods are applicable to a wide variety of estimation problems in empirical economics and other fields, and they are being used in applied research with increasing frequency.

The literature on nonparametric and semiparametric estimation is large and highly technical. This book presents the main ideas underlying a variety of nonparametric and semiparametric methods. It is accessible to graduate students and applied researchers who are familiar with econometric and statistical theory at the level taught in graduate-level courses in leading universities. The book emphasizes ideas instead of technical details and provides as intuitive an exposition as possible. Empirical examples illustrate the methods that are presented.

This book updates and greatly expands the author’s previous book on semiparametric methods in econometrics. Nearly half of the material is new.

Joel L. Horowitz is the Charles E. and Emma H. Morrison Professor of Market Economics at Northwestern University. He is the author of over 100 journal articles and book chapters in econometrics and statistics, a winner of the Richard Stone prize in applied econometrics, a fellow of the Econometric Society and American Statistical Association, and a former co-editor of Econometrica.

Keywords

econometrics nonparametric methods regression semiparametric methods statistical method statistical theory

Authors and affiliations

  • Joel L. Horowitz
    • 1
  1. 1.Department of EconomicsNorthwestern UniversityEvanstonU.S.A.

Bibliographic information

  • DOI https://doi.org/10.1007/978-0-387-92870-8
  • Copyright Information Springer-Verlag New York 2009
  • Publisher Name Springer, New York, NY
  • eBook Packages Mathematics and Statistics
  • Print ISBN 978-0-387-92869-2
  • Online ISBN 978-0-387-92870-8
  • Series Print ISSN 0172-7397
  • About this book