Econometrics and over one million other books are available for Amazon Kindle. Learn more

Vous voulez voir cette page en français ? Cliquez ici.

Sign in to turn on 1-Click ordering.
Amazon Prime Free Trial required. Sign up when you check out. Learn More
More Buying Choices
Have one to sell? Sell yours here
Start reading Econometrics on your Kindle in under a minute.

Don't have a Kindle? Get your Kindle here, or download a FREE Kindle Reading App.

Econometrics [Hardcover]

Fumio Hayashi
4.7 out of 5 stars  See all reviews (13 customer reviews)
List Price: CDN$ 128.39
Price: CDN$ 112.84 & FREE Shipping. Details
You Save: CDN$ 15.55 (12%)
o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o
Only 2 left in stock (more on the way).
Ships from and sold by Gift-wrap available.
Want it delivered Tuesday, November 4? Choose One-Day Shipping at checkout.


Amazon Price New from Used from
Kindle Edition CDN $74.11  
Hardcover CDN $112.84  
Paperback --  

Book Description

Nov. 19 2000

Hayashi's Econometrics promises to be the next great synthesis of modern econometrics. It introduces first year Ph.D. students to standard graduate econometrics material from a modern perspective. It covers all the standard material necessary for understanding the principal techniques of econometrics from ordinary least squares through cointegration. The book is also distinctive in developing both time-series and cross-section analysis fully, giving the reader a unified framework for understanding and integrating results.

Econometrics has many useful features and covers all the important topics in econometrics in a succinct manner. All the estimation techniques that could possibly be taught in a first-year graduate course, except maximum likelihood, are treated as special cases of GMM (generalized methods of moments). Maximum likelihood estimators for a variety of models (such as probit and tobit) are collected in a separate chapter. This arrangement enables students to learn various estimation techniques in an efficient manner. Eight of the ten chapters include a serious empirical application drawn from labor economics, industrial organization, domestic and international finance, and macroeconomics. These empirical exercises at the end of each chapter provide students a hands-on experience applying the techniques covered in the chapter. The exposition is rigorous yet accessible to students who have a working knowledge of very basic linear algebra and probability theory. All the results are stated as propositions, so that students can see the points of the discussion and also the conditions under which those results hold. Most propositions are proved in the text.

For those who intend to write a thesis on applied topics, the empirical applications of the book are a good way to learn how to conduct empirical research. For the theoretically inclined, the no-compromise treatment of the basic techniques is a good preparation for more advanced theory courses.

Frequently Bought Together

Econometrics + Mostly Harmless Econometrics: An Empiricist's Companion
Price For Both: CDN$ 150.58

Customers Who Bought This Item Also Bought

Product Details

Product Description

From the Inside Flap

"Students of econometrics and their teachers will find this book to be the best introduction to the subject at the graduate and advanced undergraduate level. Starting with least squares regression, Hayashi provides an elegant exposition of all the standard topics of econometrics, including a detailed discussion of stationary and non-stationary time series. The particular strength of the book is the excellent balance between econometric theory and its applications, using GMM as an organizing principle throughout. Each chapter includes a detailed empirical example taken from classic and current applications of econometrics."--Dale Jorgensen, Harvard University

"Econometrics will be a very useful book for intermediate and advanced graduate courses. It covers the topics with an easy to understand approach while at the same time offering a rigorous analysis. The computer programming tips and problems should also be useful to students. I highly recommend this book for an up-to-date coverage and thoughtful discussion of topics in the methodology and application of econometrics."--Jerry A. Hausman, Massachusetts Institute of Technology

"Econometrics covers both modern and classic topics without shifting gears. The coverage is quite advanced yet the presentation is simple. Hayashi brings students to the frontier of applied econometric practice through a careful and efficient discussion of modern economic theory. The empirical exercises are very useful. . . . The projects are carefully crafted and have been thoroughly debugged."--Mark W. Watson, Princeton University

"Econometrics strikes a good balance between technical rigor and clear exposition. . . . The use of empirical examples is well done throughout. I very much like the use of old 'classic' examples. It gives students a sense of history--and shows that great empirical econometrics is a matter of having important ideas and good data, not just fancy new methods. . . . The style is just great, informal and engaging."--James H. Stock, John F. Kennedy School of Government, Harvard University

About the Author

Fumio Hayashi is Professor of Economics at the University of Tokyo, where he teaches macroeconomics and econometrics. Previously, he has taught at the University of Pennsylvania and at Columbia University. He is the author of Understanding Saving: Evidence from the United States and Japan.

What Other Items Do Customers Buy After Viewing This Item?

Customer Reviews

4 star
3 star
2 star
4.7 out of 5 stars
4.7 out of 5 stars
Most helpful customer reviews
2 of 2 people found the following review helpful
5.0 out of 5 stars The modern approach to econometrics Jan. 28 2001
By A Customer
The title is accurate. This is 'Econometrics' done properly.
Unlike the vast majority of econometrics texts, this book combines solid economic theory with a thorough grounding in basic mathematical statistics. The worked practical examples introduce some classic empirical papers and provide an excellent motivation to study the theory. The little bit of effort required to put on the GMM-tinged glasses makes everything look so much clearer.
The incidental treatment of linear algebra is better than that of any 'Math. for Economists' book I have ever come across.
Anyone at the graduate level of study should own this book. It would also be of value to advanced undergraduates, and out-of-touch academics.
It should be noted that an important aspect of statistical analysis is the treatment of 'outliers', such as the 'review' presented by Mr. Brian J. Phillips.
Was this review helpful to you?
1 of 1 people found the following review helpful
5.0 out of 5 stars future classic Jan. 16 2001
By A Customer
This book will definitely be a classic. It's clearly written, well structured and covers a very modern approach to econometrics. In my opinion it's by far the best graduate econometrics text available.
Seems to me that Brian Phillips wouldn't know a good econometrics book if you hit him over the head with it. I have no hesitations in recommending this text.
Was this review helpful to you?
5.0 out of 5 stars Excellent March 20 2003
This book has excellent qualities:
1) Its clarity and concision, in exposition and proofs.
2) The modern approach and well structured and complete contents
3) The empirical exercises
But, for pure theory I prefer Davidson & McKinnon's "Estimation and inference", and for an empirical approach Berndt's "Practice of Econometrics".
Hayashi's is a good intermediate alternative, with great theory exposition and good empirical exercises.
One of the best options for a graduate student.
Was this review helpful to you?
5.0 out of 5 stars Great Textbook for graduate level econometrics Sept. 8 2014
By Leo R.
Format:Hardcover|Verified Purchase
Great Textbook for graduate level econometrics, the first chapter is a great introduction to matrix econometrics which can also be useful for advanced undergrad (the chapter is available for free on Hayashi website). The book is self contained and require "basic" university mathematics and statistics. Everything flows very well from one subject to another and Hayashi's explanation are very clear even for people who don't have a lot of mathematical and statistical background.
Was this review helpful to you?
5.0 out of 5 stars Just read it April 8 2002
What a great book it is! I saw two undergraduate book such as gujarati, johnston. But I can't understand what econometrics is.Hayashi put me on the right road to Econometrics.
I think it suffices to kwow some matrix and algebra concepts for reading Hayashi's econometrics! He explains every concepts clearly in plain english.
Thanks to Joon-yong Park(SNU) and Hayashi(U of Tokyo) ^^
Was this review helpful to you?
5.0 out of 5 stars Clear Exposition Jan. 21 2002
I find it a delight to follow this book. There are numerous footnotes and brief recaps of concepts in linear algebra that are necessary to follow the proofs. Despite the size of the book, the exposition is concise and clear (the font size is large using double-spacing). There are also ample examples and problems in economics to illustrate the theories.
Was this review helpful to you?
5.0 out of 5 stars Econometrics by Fumio Hayashi Oct. 18 2001
By A Customer
An excellent written text in econometric. If anyone is having trouble following econometric analysis by Greene then this Hayashi's will be a great substitute. Great examples and comprehensible at ease.
Was this review helpful to you?

Look for similar items by category