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Jeffrey Marc Wooldridge (born 1960) is an American econometrician. He is a University Distinguished Professor in the Department of Economics at Michigan State University . Wooldridge is known for his theoretical contributions to the analysis of cross-sectional and panel data .
In statistics, econometrics, epidemiology and related disciplines, the method of instrumental variables (IV) is used to estimate causal relationships when controlled experiments are not feasible or when a treatment is not successfully delivered to every unit in a randomized experiment. [1]
The Journal of Econometrics, which also publishes the supplement Annals of Econometrics. [20] Econometric Theory, which is a theoretical journal. [21] The Journal of Applied Econometrics, which applies econometrics to a wide various problems. [22] Econometric Reviews, which includes reviews on econometric books and software as well. [23]
Halbert Lynn White Jr. (November 19, 1950 – March 31, 2012) [2] [3] was the Chancellor’s Associates Distinguished Professor of Economics at the University of California, San Diego, and a Fellow of the Econometric Society and the American Academy of Arts and Sciences.
The Breusch–Godfrey test is a test for autocorrelation in the errors in a regression model. It makes use of the residuals from the model being considered in a regression analysis, and a test statistic is derived from these.
Econometrics may use standard statistical models to study economic questions, but most often they are with observational data, rather than in controlled experiments. [10] In this, the design of observational studies in econometrics is similar to the design of studies in other observational disciplines, such as astronomy, epidemiology, sociology and political science.
The theorem, later associated with Frisch, Waugh, and Lovell, and Yule's partial regression notation, were included in chapter 10 of Yule's successful statistics textbook, first published in 1911. The book reached its tenth edition by 1932. [9] In a 1931 paper co-authored with Mudgett, Frisch explicitly quoted Yule's results. [10]
Capitalism in America: A History is a 2018 book written by former chairman of the Federal Reserve Alan Greenspan and Adrian Wooldridge, political editor at The Economist. [note 1] The book traces the economic history of the United States since its founding and the authors argue that America's embrace of capitalism and creative destruction has given the nation's economy a superior edge.