Econometric studies

New York University, performed an econometric study on the return on the chemical industry s R D investment. 

A corresponding normal distribution is available for multiresponse data, that is, for interdependent observations of two or more measurable quantities. Such data are common in experiments with chemical mixtures, mechanical structures, and electric circuits as well as in population surveys and econometric studies. Modeling with multiresponse data is treated in Chapter 7 and in the software of Appendix C. 

In an econometric study described in detail in a recent book (1 ), we obtained very detailed data concerning 17 innovations from the producers and users of the new technologies, and applied this model to obtain an estimate of the social rate of return in each case. Practically all of these innovations were of average or routine importance, not major breakthroughs. (For one thing, we wanted to avoid biasing the sample toward innovations that probably had relatively high rates of return.)... 

The first question to consider in an econometric study is the accuracy and breath of the dependent variable. Is the outcome being studied all injuries at work or only fatalities Fatalities are less common but measured more accurately than nonfatal injuries. Second, are only... 

The book that follows is best appreciated by a reader who likes numbers and is comfortable with algebra and multivariate calculus as they apply to situations where decisionmakers are optimizing subject to limitations. Because we try to show how numerical simulation can complement econometric studies a basic understanding of regression is also useful background for the reader. We have structured our presentations to be accessible and interesting to undergraduate honors, masters, and doctoral students in the social sciences, public policy, law,... 

As can be seen in Fig. 13.2, milk production in India has registered a substantial increase from the 1950s onwards. Thus, the 17 million tons of milk produced in 1950-1951 increased to 80.6 million tons by 2000-2001. In fact, the rate of increase shows a marked rise between 1980-1981 and 2000-2001, with a relative change of 155% across this time period. Two econometric studies that seek to explain this increase provide insights into processes of milk production in India. According to Munshi and Parikh (1994), the rise in milk production in India can be explained by an increase in number of cooperatives, as opposed to direct technical inputs which in their study is measured by increase in the use of cattle feed. They attribute this... 

In the analysis of seismic events, several econometric studies have attempted to understand the determinants of the direct costs (e.g., mortality, capital losses). According to Cavallo and Noy (2009), these studies typically employ a model framework that assumes direct costs are related to some measure(s) of the physical magnitude of the disaster (e.g., groimd movement) and variables that capture the vulnerability of the region to the... 

Maskus, K., Otsuki, T. WUson, J. (2004) The Costs of Complying with Foreign Product Standards for Firms in Developing Countries An Econometric Study, Research Program on Political and Economic Change, Working Paper PEC2004-0004. 

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