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Review of An Introduction to Modern Econometrics Using Stata by Baum
Source: www.stata-press.com
Topic: Econometrics
Sort Desciption: Econometrics is often defined as the set of statistical methods ... user may often read more like an introduction to Stata by using modern econometrics. ...
Content Inside: The Stata Journal (2007) 7 Number 1 pp. 131136 Review of An Introduction to Modern Econometrics Using Stata by Baum Austin Nichols Urban Institute Washington DC anichols@ui.urban.org Abstract. This article reviews An Introduction to Modern Econometrics Using Stata by Christopher F. Baum. Keywords: gn0036 econometrics textbook ivreg 1 Introduction An Introduction to Modern Econometrics Using Stata hereafter IMEUS by Christo- pher F. Baum is useful and informative somewhat difficult in parts and unusually correct and up to date. Econometrics is often defined as the set of statistical methods of interest to economists which does little to restrict its scope. IMEUS begins from first principles of data management or nearly so and hence to a more experienced Stata user may often read more like an introduction to Stata by using modern econometrics. Both topicsStata and econometricsare of somewhat narrow interest perhaps and dense and difficult to navigate for the uninitiated but the book manages to make its topics accessible. Full of good advice and worked examples IMEUS assumes no prior Stata knowledge and it focuses on the practice of econometrics rather than the the- ory. For most purposes it has neither the breadth nor the depth to stand alone as an econometrics textbook. It would however make a useful companion to a more densely written text in a graduate course and I fully expect to be assigning it as a required text soon. 2 Summary The preface aims the book at applied researchers in economics and finance who wish to learn basic econometrics and use Stata and it assumes prior exposure to an advanced undergraduate econometrics course on the level of Wooldridge (2006). The stated target audience probably already knows much of the material in the book although having it collected is handy. A more likely audience is those who would like to become applied researchersmany are in the first year of graduate studies in economics or a related discipline. Th ...
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