Issues and models in applied econometrics : a partial survey.
Authors
Andreas Andrikopoulos
Dimitrios Gkountanis
Keywords:
Classical, financial, and spatial econometric models, C01, C1, C5
Abstract
Econometrics, in its long history, has been and continues to be an important
branch not only in general economics (macro and micro), but also in specialized
fields in the area of economics, such as financial and spatial economics. This paper
surveys some recent developments related to the specification and estimation
of econometric models widely used in applied research. Even though we lay
emphasis on time series models and their application in financial and spatial
econometrics, additional topics, such as limited dependent variable models
and simultaneous equation systems, are also reviewed in the paper. However,
it should be emphasized that the survey is not unified in the sense that it does
not provide an exhaustive review of the development of econometrics through
its long history. It simply brings up certain topics(classical and contemporary)
which may be of interest to those researchers who are concerned with empirical
issues in economics in general and in its specialized fields in particular.