Applied Econometrics with SAS
Modeling Demand, Supply, and Risk
Published on 23. March 2018
180 pages
978-1-63526-052-6 (ISBN)
Description
Using Applied Econometrics with SAS: Modeling Demand, Supply, and Risk, you will quickly master SAS applications for implementing and estimating standard models in the field of econometrics. This guide introduces you to the major theories underpinning applied demand and production economics. For each of its three main topics-demand, supply, and risk-a concise theoretical orientation leads directly into consideration of specific economic models and econometric techniques, collectively covering the following:
- Double-log demand systems
- Linear expenditure systems
- Almost ideal demand systems
- Rotterdam models
- Random parameters logit demand models
- Frequency-severity models
- Compound distribution models
- Cobb-Douglas production functions
- Translogarithmic cost functions
- Generalized Leontief cost functions
- Density estimation techniques
- Copula models
SAS procedures that facilitate estimation of demand, supply, and risk models include the following, among others:
- PROC MODEL
- PROC COPULA
- PROC SEVERITY
- PROC KDE
- PROC LOGISTIC
- PROC HPCDM
- PROC IML
- PROC REG
- PROC COUNTREG
- PROC QLIM
An empirical example, SAS programming code, and a complete data set accompany each econometric model, empowering you to practice these techniques while reading. Examples are drawn from both major scholarly studies and business applications so that professors, graduate students, government economic researchers, agricultural analysts, actuaries, and underwriters, among others, will immediately benefit.
This book is part of the SAS Press program.
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Barry K. Goodwin | A. Ford Ramsey | Jan Chvosta
Applied Econometrics with SAS
Modeling Demand, Supply, and Risk
Book
03/2018
SAS Institute
€50.00
Shipment within 3-4 weeks
Persons
Barry K. Goodwin, PhD, is the William Neal Reynolds Distinguished Professor in the Department of Agricultural and Resource Economics, as well as a Graduate Alumni Distinguished Professor in the Department of Economics, at North Carolina State University, where he teaches and conducts research on policy, risk, trade, and applied econometrics. He is a fellow and past president of the Agricultural and Applied Economics Association. He has coauthored three books and more than 150 peer-reviewed journal articles, receiving numerous research awards, including best article awards from the American Journal of Agricultural Economics, the Journal of Agricultural and Resource Economics, and the Canadian Journal of Agricultural Economics. Professor Goodwin completed his PhD in economics at North Carolina State University in 1988.
Content
- Intro
- Contents
- About the Authors
- Acknowledgments
- Introduction
- Overview
- Applications of Economic Analysis
- Intended Audience
- Examples for Hands-On Practice
- Theory of Demand
- Overview
- Preference Axioms and the Utility Function
- Utility and Marshallian Demands
- A Graphical Look at Utility and Demand
- Indirect Utility
- Hicksian Demands and Expenditures
- The Slutsky Equation
- Elasticities
- Separability and Aggregation
- Empirical Approaches to Demand Analysis
- Overview
- Double Logarithmic Demand Functions
- The Double Log Form
- Empirical Analysis
- Rotterdam Model
- Absolute Price and Relative Price Rotterdam Formulations
- Empirical Analysis
- Almost Ideal Demand System
- Full and Linear Approximate AIDS Models
- Empirical Analysis
- Demand for Differentiated Products
- Discrete Choice
- Logit Models
- Empirical Analysis
- Conclusion
- Theory of Supply
- Overview
- The Production Function
- The Cost Function and Derived Factor Demands
- The Profit Function
- Profit Derived Factor Demands
- Elasticities
- Concepts of Time in Production
- Separability and Aggregation
- Empirical Approaches to Supply Analysis
- Overview
- Cobb-Douglas Production
- Econometric Analysis
- Translog Functional Form
- Empirical Analysis
- Frontier Production Functions
- Empirical Analysis
- Empirical Approaches to Risk
- Overview
- Frequency and Severity Modeling
- Compound Distribution Model
- Empirical Analysis
- Agricultural Insurance
- Yield Insurance
- Empirical Analysis
- Revenue Insurance
- Dependence and Copulas
- Empirical Analysis
- References
- Index
