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Trygve Haavelmo, James J. Heckman, Daniel L. McFadden, Robert F. Engle and Clive W.J. Granger

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Trygve Haavelmo, James J. Heckman, Daniel L. McFadden, Robert F. Engle and Clive W.J. Granger

9781847208392 Edward Elgar Publishing
Edited by Howard R. Vane, Emeritus Professor of Economics, Liverpool Business School, Liverpool John Moores University, UK and Chris Mulhearn, Reader in Economics, Liverpool Business School, Liverpool John Moores University, UK
Publication Date: 2009 ISBN: 978 1 84720 839 2 Extent: 608 pp
This groundbreaking series brings together a critical selection of key papers by the Nobel Memorial Laureates in Economics that have helped shape the development and present state of economics. The editors have organised this comprehensive series by theme and each volume focuses on those Laureates working in the same broad area of study. The careful selection of papers within each volume is set in context by an insightful introduction to the Laureates’ careers and main published works. This landmark series will be an essential reference for scholars throughout the world.

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Critical Acclaim
Contributors
Contents
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This groundbreaking series brings together a critical selection of key papers by the Nobel Memorial Laureates in Economics that have helped shape the development and present state of economics. The editors have organised this comprehensive series by theme and each volume focuses on those Laureates working in the same broad area of study. The careful selection of papers within each volume is set in context by an insightful introduction to the Laureates’ careers and main published works. This landmark series will be an essential reference for scholars throughout the world.
Critical Acclaim
‘What a brilliant idea! To provide readers with both information on the Nobel Laureates in Economics and, to the degree possible, the original papers for which they were honored. The names of the “contributing” Laureates speak for themselves. Howard Vane and Chris Mulhearn, the editors, and Edward Elgar, the publisher, are to be congratulated for putting the idea into effect.’
– Warren J. Samuels, Michigan State University, US

‘These volumes complement Vane and Mulhearn’s critically acclaimed book, The Nobel Memorial Laureates in Economics, and are an indispensable guide to key developments in modern economics.’
– The late Mark Blaug, formerly of the University of London and University of Buckingham, UK

‘The nature, content and boundaries of economics are changing. There is no better way of examining the key contributions that have shaped the discipline in the last half century than by looking at the pioneering works of the Nobel Laureates in Economics. These volumes not only provide a treasure house of material of high intrinsic worth, but also help us to understand what kind of approaches and ideas have been successful in persuading other economists, and thereby provide valuable material for understanding the evolution of the discipline. The idea behind this series of volumes is brilliant.’
– Geoffrey M. Hodgson, University of Hertfordshire Business School, UK
Contributors
22 articles, dating from 1943 to 2000
Contents
Contents:

Acknowledgements

General Introduction

PART I TRYGVE HAAVELMO

Introduction to Part I
Howard R. Vane and Chris Mulhearn

1. Trygve Haavelmo (1943a), ‘The Statistical Implications of a System of Simultaneous Equations’
2. Trygve Haavelmo (1943b), ‘Statistical Testing of Business-Cycle Theories’
3. Trygve Haavelmo (1944), ‘The Probability Approach in Econometrics’
4. M.A. Girshick and Trygve Haavelmo (1947), ‘Statistical Analysis of the Demand for Food: Examples of Simultaneous Estimation of Structural Equations’

PART II JAMES J. HECKMAN

Introduction to Part II
Howard R. Vane and Chris Mulhearn

5. James Heckman (1974), ‘Shadow Prices, Market Wages and Labor Supply’
6. James J. Heckman (1976), ‘A Life-Cycle Model of Earnings, Learning, and Consumption’
7. James J. Heckman (1979), ‘Sample Selection Bias as a Specification Error’
8. James Heckman (1990), ‘Varieties of Selection Bias’
9. Stephen V. Cameron and James J. Heckman (1998), ‘Life Cycle Schooling and Dynamic Selection Bias: Models and Evidence for Five Cohorts of American Males’
10. James J. Heckman, Thomas M. Lyons and Petra E. Todd (2000), ‘Understanding Black-White Wage Differentials, 1960–1990’

PART III DANIEL L. McFADDEN

Introduction to Part III
Howard R. Vane and Chris Mulhearn

11. Daniel McFadden (1974), ‘Conditional Logit Analysis of Qualitative Choice Behavior’
12. Daniel McFadden (1975), ‘The Revealed Preferences of a Government Bureaucracy: Theory’
13. Daniel McFadden (1976), ‘The Revealed Preferences of a Government Bureaucracy: Empirical Evidence’
14. Daniel McFadden (1978), ‘Modelling the Choice of Residential Location’

PART IV ROBERT E. ENGLE

Introduction to Part IV
Howard R. Vane and Chris Mulhearn

15. Robert F. Engle (1982), ‘Autoregressive Conditional Heteroscedasticity With Estimates of the Variance of United Kingdom Inflation’
16. Robert F. Engle, David M. Lilien and Russell P. Robins (1987), ‘Estimating Time-Varying Risk Premia in the Term Structure: the ARCH-M Model’
17. Robert F. Engle and C.W.J. Granger (1987), ‘Co-integration and Error Correction: Representation, Estimation and Testing’

PART V CLIVE W.J. GRANGER

Introduction to Part V
Howard R. Vane and Chris Mulhearn

18. C.W.J. Granger (1969), ‘Investigating Causal Relations by Econometric Models and Cross–Spectral Methods’
19. J.M Bates and C.W.J. Granger (1969), ‘The Combination of Forecasts’
20. C.W.J. Granger and P. Newbold (1974), ‘Spurious Regressions in Econometrics’
21. C.W.J. Granger (1981), ‘Some Properties of Time Series Data and Their Use in Econometric Model Specification’
22. C.W.J. Granger and A.A. Weiss (1983), ‘Time Series Analysis of Error Correction Models’

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