QUALITATIVE RESPONSE MODELS:A SURVEY OF METHODOLOGY AND ILLUSTRATIVE APPLICATIONS

Aleksandra Nojković

Economic Annals, 2007, vol. 52, issue 172, 55-92

Abstract: This paper introduces econometric modelling with discrete (categorical) dependent variables. Such models, commonly referred to as qualitative response (QR) models, have become a standard tool of microeconometric analysis. Microeconometric research represents empirical analysis of microdata, i.e. economic information about individuals, households and firms. Microeconometrics has been most widely adopted in various fields, such as labour economics, consumer behaviour, or economy of transport. The latest research shows that this methodology can also be successfully transferred to macroeconomic context and applied to time series and panel data analysis in a wider scope.

Keywords: microdata; binary and multinomial response; nonlinear models; maximum likelihood estimation; models for count data (search for similar items in EconPapers)
JEL-codes: C4 C5 D0 (search for similar items in EconPapers)
Date: 2007
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