Offering a unifying theoretical perspective not readily available in any other text, this innovative guide to econometrics uses simple geometrical arguments to develop students' intuitive understanding of basic and advanced topics, emphasizing throughout the practical applications of modern theory and nonlinear techniques of estimation. One theme of the text is the use of artificial regressions for estimation, reference, and specification testing of nonlinear models, including diagnostic tests for parameter constancy, serial correlation, heteroscedasticity, and other types of mis-specification. Explaining how estimates can be obtained and tests can be carried out, the authors go beyond a mere algebraic description to one that can be easily translated into the commands of a standard econometric software package. Covering an unprecedented range of problems with a consistent emphasis on those that arise in applied work, this accessible and coherent guide to the most vital topics in econometrics today is indispensable for advanced students of econometrics and students of statistics interested in regression and related topics. It will also suit practising econometricians who want to update their skills. Flexibly designed to accommodate a variety of course levels, it offers both complete coverage of the basic material and separate chapters on areas of specialized interest.

Estimation and Inference in Econometrics

A detailed review of the education sector in Australia as in the data provided by the 2006 edition of the OECD's annual publication, 'Education at a Glance' is presented. While the data has shown that in almost all OECD countries educational attainment levels are on the rise, with countries showing impressive gains in university qualifications, it also reveals that a large of share of young people still do not complete secondary school, which remains a baseline for successful entry into the labour market.

/pdf/education-at-a-glance-m5vl7o68j5.pdf

Education at a Glance

Schumpeter’s canonical depiction of the entrepreneur as an agent of social and economic change implies that entrepreneurs are especially sensitive to the social environment. We use an organizing framework based on institutional economics, in combination with lessons from cross-cultural psychology, to consider the social dimensions of entrepreneurship. The level and modes of entrepreneurial activity are affected by the surrounding culture and by legal rules. Entrepreneurs may partially overcome institutional deficiencies by relying on social networks that facilitate reputational bonding as a means for resource-sharing.

https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=824844

The Social Dimensions of Entrepreneurship

Business Cycles: A Theoretical, Historical, and Statistical Analysis of the Capitalist Process.

http://faculty.smu.edu/millimet/classes/eco7321/papers/hartog 2000.pdf

Over-education and earnings: Where are we, where should we go?

This paper develops an empirical model to separate the unobserved factors of ‘opportunity' and ‘willingness’ in the decision of labor force participants to become self-employed or not. The estimation results suggest that the majority of young Americans is willing to switch to self-employment but that opportunity is a major constraint, especially through finance. Entrepreneurial ability aspects that can compensate for a lack of capital are scarce.

Determinants of Willingness and Opportunity to Start as an Entrepreneur

This paper explores the hypothesis that wage differentials between skill groups across countries are consistent with a demand and supply framework. Using micro data from 15 countries, we find that about one third of the variation in relative wages between skill groups across countries is explained by differences in net supply of skill groups. The demand and supply framework does an even better job at explaining relative wages of low skilled workers.

https://papers.ssrn.com/sol3/Delivery.cfm/ecoj_217.pdf?abstractid=526835&mirid=1&type=2

Explaining International Differences in Male Skill Wage Differentials by Differences in Demand and Supply of Skill

This paper explores the hypothesis that wage differentials between skill groups across countries are consistent with a demand and supply framework. Using micro data from 15 countries we find that about one third of the variation in relative wages between skill groups across countries is explained by differences in net supply of skill groups. The demand and supply framework does an even better job at explaining relative wages of low skilled workers.

Explaining international differences in male skill wage differentials by differences in demand and supply of skill

In this paper a method is presented to estimate correlated discrete random variables with known univariate distribution functions up to some parameters. We also present an empirical illustration on Dutch recreational data.

A General Method to Estimate Correlated Discrete Random Variables

This article presents a method for modeling endogenous selectivity in count data. As in the case of the switching-regression model, two regimes are distinguished with potentially different data-generating processes. The regime choice is allowed to be correlated with the observed count in each of the regimes. An estimable model is obtained by transforming the underlying processes to the bivariate normal distribution. An empirical application on trip count is provided.

https://www.jstor.org/stable/info/1392231

Hans van Ophem

Papers

Determinants of Willingness and Opportunity to Start as an Entrepreneur

Explaining International Differences in Male Skill Wage Differentials by Differences in Demand and Supply of Skill

Explaining international differences in male skill wage differentials by differences in demand and supply of skill

A General Method to Estimate Correlated Discrete Random Variables

Modeling Selectivity in Count-Data Models