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Econ 599 - Section B1 (Winter 2015)
Econ 599 - Section B1 (Winter 2015)
Recent updates:
Feb 9, 2014 (added link to Roodman paper on xtabond2 for Stata )
Feb 13, 2015 (probit/logit practice questions added)
Feb 23 2015 (Assignment #2 added, Shazam probit/logit example added)
Mar 16 2015 (Additional practice questions and last year's final exam added)
April 2 2015 (Revised version of Term Paper Checklist posted)
Course Outline
Office hours: By appointment (Tory 7-16)
NOTES:
(1) Please note that the VCL may not be available on Thursday mornings between 8 and 10am, due to scheduled maintenance activities.
(2)Optional Term Paper Preparation sessions will be held approximately once a month, usually on a Friday.
Session 1: Library Resources: Friday January 23, 9-11am in Rutherford 2-03 (David Sulz' Presentation; Chuck Humphrey's presentation link sent via e-mail)
Session 2: Structuring your paper and preventing plagiarism: February -- Friday Feb 27 (11:00 to 12:00 and 1:30 to 2:30) in Tory 8-22
Session 3: Presenting and discussing your results: March 31 IN CLASS (optional class)
(3) TA office hours: By appointment. Please contact instructor for contact info
Term Paper Guidelines
Students will be required to submit a signed checklist along with their term papers
in order to ensure that there are no inadvertent violations of the University's
Code of Student Behaviour. A copy of this checklist can be obtained here (revised April 2, 2015)
Students are strongly encouraged to combine their term paper for this course
with that of one of their field courses (with the permission of the other
instructor) or to use their term papers as preliminary work towards a thesis or
Econ 999 research project.
LIBRARY RESOURCES
Data Library Lib Guide(including Data Librarian appointment link)
STUDENT RESOURCES
Links to additional materials
online access to Hall's GMM book:
to access the book click on University of Alberta Access
Suggested reading ... just for fun ...on being careful with statistics: brain activity in dead fish?:
Bennett, C., A. Baird, M. Miller and G. Wolford (2009)
Journal of Serendipitous and Unexpected Results, Vol 1, 1-5.
Suggested reading ... on being careful with your data set ... and how a Grad Student made a difference!:
Monaghan, P (2013)
The Chronicle of Higher Education, April 24 2013.
Herndon, T., M. Ash and R. Pollin (2013)
"Does High Public Debt Consistently Stifle Economic Growth? A Critique of Reinhart and Rogoff"
Political Economy Research Institute Working Paper Number 322
Suggested reading for GMM Euler Equation Application:
Suggested reading for Dynamic Panel Models:
Bond,S. (2002) "Dynamic Panel Data Models: A Guide to Micro Data Methods and Practice" Cemmap working paper CWP09/02.
Mileva,E. (2007) "Using Arellano-Bond Dynamic Panel GMM Estimators in Stata" Fordham University 'tutorial' (be sure to check out the Roodman(2006) reference)
Mileva,E. (2007) "Data Set for Tutorial" password-protected excel file
Roodman, D. (2009) "How to do xtabond2: An introduction to difference and system GMM in Stata" Stata Journal Volume 9, Issue 1 86-136
Suggested reading for Long Panels:
"Large Changes in Fiscal Policy: taxes vs spending" A. Alesina and S. Ardagna, NBER WP 15438.
Ardagna, S., Caselli, F., and Lane, T. (2007), “Fiscal Discipline and the Cost of Public Debt Service: Some Estimates for OECD Countries,” The B.E. Journal of
Macroeconomics, 7 (1): Article 28
Suggested reading for Cluster-Sample Methods:
Wooldridge,J. (2003) "Cluster-Sample Methods in Applied Econometrics" American Economic Review Volume 93, Issue 2 133-138.
Wooldridge,J. (2006) "Cluster-Sample Methods in Applied Econometrics: An Extended Analysis" Manuscript, Department of Economics, Michigan State University.
Examples from Class
TSP command file that replicates selected results from Hall book: Hall GMM TSP code
Euler equation data set: halldata.xls
Shazam program and data file for Probit / Logit example: Shazam output file , strike.txt (Data file)
Assignments and Sample Questions
Note that topics covered vary from year to year.
Therefore previous exams and mid-terms may include questions on topics not (yet) covered this year.
Supplementary questions may be provided for this year's topics.
Practice Questions (updated as topics are covered): Pre-midterm Sample Questions (last updated Feb 13, 2015)
Sample Midterm: Sample Midterm (last updated Feb 3, 2015)
Practice Questions: Post-midterm Sample Questions (last updated Mar 16, 2015)
Sample Final: 2014 Final Exam (last updated Mar 16, 2015. Note: topics covered vary from year to year)
Assignment # 1: 599asst1W15.pdf
Assignment # 2: 599asst2W15.pdf
Data Sets for Assignments
Data set for Assignment 1 Q1: wageinfo.xlsx
Data set for Assignment 1 Q2: Asst1Q2W15.txt
Data sets for Assignment 2 Part A: Basketballpanel.xlsx , Basketball1213season.xlsx
Sample LIMDEP, SHAZAM, STATA and TSP Programs
The following programs perform OLS estimation using both "standard" OLS regression commands
and via GMM estimation with the appropriate settings for the weighting matrix and the set of instruments.
LIMDEP sample program: exlimdep.txt
SHAZAM sample program: exshazam.txt
STATA sample program: exstata.txt
TSP sample program: extsp.txt
R sample script: exR.txt
Data set used in the sample programs: IFSAustralia.txt
Selected results from sample programs: Selected Results
LIMDEP, STATA and TSP Handouts (Basic Instructions)
Online manuals
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