Customer Reviews

Microeconometrics: Methods and Applications

5 star:		(7)
4 star:		(3)
3 star:		(2)
2 star:		(0)
1 star:		(0)

 

 

I am using this text to teach a first-year graduate course in econometrics (following a mathematical stats course) at the University of Florida. Myself and my students have been very happy with the intuitive approach of the book, and I have personally appreciated the good end-of-chapter problems that I can assign to my students. This is a GREAT addition to my library and should be on the shelf of any grad student who works with data.

This book will probably not supercede Wooldridge as the standard text for panel and cross-sectional econometrics. However, it will prove more useful for the student and practitioner as I think this book is more practical. There is extensive coverage of data and of techniques like bootstrapping, that you will not find in Wooldridge. The sheer volume of material presented should be sufficient to get you going in just about any area you will encounter in the field. I think that this book should be used in conjunction with Wooldridge and should be a part of your library.

The book is useful for current line of microeconometric research. However, its presentation is similar to Greene (Econometrics Analysis). So if you are not comfortable with Green this text will not be best for you.

If you want a book for microeconometrics such than whenever you need to look at a topic or subjects related to a topic, this is your book. If you need a very deep and comprehensive discussion about a topic, you need more than this. It may be not sufficient, but for sure it is a necessary book for anyone who does applied econometrics. I enjoy reading this book.

This is a very useful "cookbook", which includes non only the standard parametric models (linear and nonlinear), but also basics of non-parametric and semi-parametric estimation. Also, foundations are laid out for important topics such as bootstrap, measurement error, program evaluation, clustering and stratification. These are all topics which turn out to be crucial for applied work, but which are usually left out of most/all textbooks. Overall, I am happy this book came out.

So, what's my problem with it? Well, I have only used a few sections, so far, but I have been quite surprised to notice that some sections are pretty much COPIED word by word from the corresponding (duly quoted) source. For instance, try to read the section on regression discontinuity, and compare those pages with the original article by W. Van der Klaauw. Or, the section on clustering and stratification is pretty much taken from Deaton's the Analysis of Household Surveys (a great book for applied economists, by the way, especially those interested in micro-development economics). The section on stratified sampling seems to be pretty much copied from Wooldridge's textbook on cross section and panel data (another highly recommended textbook).

I have not studied the whole book, but I suspect that other parts may suffer from the same problem. Every textbook will HAVE TO rely on countless sources, of course, but I still find a bit unsettling the fact that the authors didn't make any effort to re-elaborate or at least re-word whole paragraphs. This is quite unusual, and to me not acceptable. Still, this book feels like a very useful set of lecture notes on applied econometrics, and I would gladly give five stars for usefulness.

Cameron and Trivedi provide a thorough treatment of microeconmetrics. Some have stated that it is not advanced enough, but for those economists who really focus on applied work and need a handbook that seems to cover nearly everything this book is an excellent selection. The math, while sometimes dense, is typically very accesible for those who have had some previous training in econometrics and mathematical economics. If you have little training in econometrics I recommend Wooldridge's Introductory Econometrics, but I still recommend Cameron and Trivedi's Microeconometrics using Stata. Paired with their Stata text on the same topic, these two books, along with Wooldridge, provide foundational and advanced theory and a cookbook for applying methods!

This is so far the most "thorough" book about Econometric methods and applications, bringing you with a rather "pilot" view to the Econometric theories and methods.

To the best of my knowledge, this book is the most complete about Microeconometrics. It is very clear and a perfect balance between theory and application. A must!

I am most curious about whether the book is exactly as the one required for our coursework. So the first several papers which provide the information on the edition, press, year of publishment and content are the most important. Besides, if there is any accessories such as CD, data set or student manuscript, information on whether these will all be accompanied with the book will be also needed.

This book is simply amazing. It describes tough problems in understandable words. It is definitely and advanced book and I recommend to read an introductory book such as Wooldridge or Gujarati first. Furthermore you will find not typically econometric yet very useful quantitative methods such as survival analysis or sampling methods in "Microeconometrics". I strongly recommend this book mainly for graduate and PhD students in quantitative methods and economics.