Econometric Analysis
Author: William H. Greene, William H Greene
List Price: $130.00
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ISBN: 0130661899
Publisher: Prentice Hall (22 August, 2002)
Sales Rank: 28,960
Average Customer Rating: 3.61 out of 5
Customer Reviews
Rating: 4 out of 5
A good book for graduate students, useful as reference book
I bought this book in order to understand better my PhD courses. I must admit that after a few tries, I went back to Davidson and Mackinnon manual and to Hamilton's Time Series Bible. It could be seen as an intermediate level book, which is a main problem: undergraduates (except for the advanced ones) won't feel comfortable with the level of the book; applied econometrists will think perhaps that greene's book covers all the main topics but not profoundly enough (In the unit root chapter for example, the demonstration of the unit root test -Dickey-Fuller- is not present). As some of the other reviewers, I agree with the fact that, covering so many topics, the organization of the book could be improved. The mathematical tools explanation is a very clever idea; everybody lacking mathematical knowledge should read the first chapters. Some of my teachers appreciate (and I agree with them, without being an expert of that topic) particularly the panel regression chapter. I think this book fits better the graduate needs, especially those being, or wanting to be applied econometricians. If you are looking for an advanced theoretical manual, Greene's is not the best choice; if you are interested in having a -slightly more than- fairly good understanding of what is done currently in the field, then grab this book. But be aware, if you want to feel comfortably when reading it, you should be familiarized with the field. I recommend Johnston and Dinardo's Manual and Walter Ender's Manual (for time series only). Finally, it must be said that the fourth edition doesn't differ too much from the third one.
Rating: 3 out of 5
Some more algebraic steps are needed
I'd like to make three points. First, Greene claimed that the only econometrics background needed to study this book is a typical undergraduate econometrics book such as Gujarati's Basic Econometrics. I strongly disagree with his view after studying (or being forced to study) this book. In my opinion, the correct prerequisite would be an intermediate level of econometrics book that employs matrix algebra notation such as Johnston & Dinardo's (J&D) Econometric Methods. Second, even if one meets this intermediate-level-econometrics requirement, it's still hard to understand Greene's book due to his habit of presenting results without showing the necessary algebraic steps leading to the results (I'm not saying that he must show ALL algebraic steps but at least show SOME; read J&D to verify this). Third, Greene's book is not entirely bad; at least, his coverage of graduate econometrics is almost comprehensive and he made a great effort to update the materials from time to time.
Rating: 2 out of 5
just so-so
Don't buy this book unless you are 'advanced reader' who can detect typos and figure out what Mr Greene is trying to say. If you really want to know the advanced econometrics without getting lost in meaningless technique details, read Hayashi's book. That book is much more readable. Similar Products
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