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

This news article reports on the events occurring and the views taken at the 1995 UN Conference on Women held in Beijing China and the Nongovernmental Organization (NGO) Forum. The setting in China for this decennially occurring conference was appropriate for the discussion of womens rights. Despite the selective coverage of the conference by Chinese official reports word would trickle out in whispers to Chinese women about some new ideas. Chinese visa restrictions on participants of the NGO Forum forced many women to devise ingenious ways of gaining entrance to the meetings. The alliance between the Holy See and Islam disciples threatened to undermine basic goals of conference to open up access to contraception and to change property rights. The conference chair diplomatically found justification for praise of unpopular views despite the disputes among a majority of delegates. The aim of the conference was to obtain a common understanding of some basic rights and not 100% agreement. Womens economic contributions have not been recognized in gross domestic product calculations. The World Bank has reported that about $13 billion is unaccounted for income and unwaged income of which about $8.5 billion is due to womens productivity. Women expressed the desire for recognition of their economic contribution. Since the last womens conference held in Nairobi in 1985 there has been an increase in world poverty. Uganda expends more on servicing its debt than on health and education. There was general agreement that gender equity was a goal but there was less consensus on how to achieve it.

Gross domestic product.

Carbon dioxide (CO2) emissions and economic growth: A systematic review of two decades of research from 1995 to 2017.

Differential Thermal Analysis

The present study explores the relationship between economic growth, electricity consumption, urbanization and environmental degradation in case of United Arab Emirates (UAE). The study covers the quarter frequency data over the period of 1975–2011. We have applied the ARDL bounds testing approach to examine the long run relationship between the variables in the presence of structural breaks. The VECM Granger causality is applied to investigate the direction of causal relationship between the variables. Our empirical exercise reported the existence of cointegration among the series. Further, we found an inverted U-shaped relationship between economic growth and CO 2 emissions i.e. economic growth raises energy emissions initially and declines it after a threshold point of income per capita (EKC exists). Electricity consumption declines CO 2 emissions. The relationship between urbanization and CO 2 emissions is positive. Exports seem to improve the environmental quality by lowering CO 2 emissions. The causality analysis validates the feedback effect between CO 2 emissions and electricity consumption. Economic growth and urbanization Granger cause CO 2 emissions.

Economic growth, electricity consumption, urbanization and environmental degradation relationship in United Arab Emirates

An analysis of energy efficiency in Wireless Sensor Networks (WSNs) applied in smart agriculture

The purpose of this research is to develop and apply the artificial neural network (ANN) with extreme learning machine (ELM) to forecast gross domestic product (GDP) growth rate. The economic growth forecasting was analyzed based on agriculture, manufacturing, industry and services value added in GDP. The results were compared with ANN with back propagation (BP) learning approach since BP could be considered as conventional learning methodology. The reliability of the computational models was accessed based on simulation results and using several statistical indicators. Based on results, it was shown that ANN with ELM learning methodology can be applied effectively in applications of GDP forecasting.

Srđan Jović

Papers

An analysis of energy efficiency in Wireless Sensor Networks (WSNs) applied in smart agriculture

Application of artificial neural network with extreme learning machine for economic growth estimation

Prediction of laser cutting heat affected zone by extreme learning machine

Vibration analyzing in horizontal pumping aggregate by soft computing

Appraisal of natural resources rents and economic development