Empirical Modeling in Economics
Specification and Evaluation
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Empirical Modeling in Economics by Clive W. J. Granger
Book DescriptionIn these three essays, Professor Granger explains the process of constructing and evaluating an empirical model. Drawing on a wide range of cases and vignettes from economics, finance, politics and environment economics, as well as from art, literature, and the entertainment industry, Professor Granger combines rigour with intuition to provide a unique and entertaining insight into one of the most important subjects in modern economics. Chapter 1 deals with Specification. The process of specifying a model is discussed using deforestation in the Amazon region of Brazil as an illustration. Chapter 2 considers Evaluation, and argues that insufficent evaluation is undertaken by economists, and that models should be evaluated in terms of the quality of their output. In Chapter 3, the question of how to evaluate forecasts is considered at several levels of increasing depth and using a more sophisticated, technical approach than in the earlier two chapters.
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Book DetailsISBN: 9780521662086
(216mm x 138mm x 11mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 28-Aug-1999
Country of Publication: United Kingdom
Books By Author Clive W. J. Granger
Modelling Nonlinear Economic Time Series, Paperback (December 2010)
This volume is a comprehensive assessment of many recent developments in the modelling of time series. The focus is on introducing various nonlinear models and discussing their practical use, and encouraging the reader to apply nonlinear models to their practical modelling problems.
Dynamics of Deforestation and Economic Growth in the Brazilian Amazon, Hardback (December 2002)
An economic analysis of the costs and benefits of deforestation in the Amazon.
Essays in Econometrics, Hardback (August 2001)
These are econometrician Clive W. J. Granger's major essays in spectral analysis, seasonality, nonlinearity, methodology, and forecasting.
Empirical Modeling in Economics, Paperback (September 1999)» View all books by Clive W. J. Granger
Lucid account of the process of constructing and evaluating an empirical model.
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Author Biography - Clive W. J. Granger
Winner of The Nobel Prize for Economics 2003.
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