Bøger i Cambridge Studies in Applied Econometrics serien

This 1998 book presents the econometric analysis of single and simultaneous-equation models in which the jointly dependent variables can be continuous, categorical, or truncated. Despite the traditional emphasis on continuous variables in econometrics, many of the economic variables encountered in practice are categorical or truncated.

The crude estimation method that I had used in my original (1954) paper on the linear expenditure system gave interesting and in many respects satisfactory results, some of which were published outside our series, for instance in Stone, Brown and ).