Principles of Econometrics, 5ed, An Indian Adaptation

Description

Principles of Econometrics, Fifth Edition, is a comprehensive book tailored for undergraduate and postgraduate students in the fields of economics, commerce, business, statistics, and management. This edition equips students with a practical understanding of basic econometrics, enabling them to apply modeling, estimation, inference, and forecasting techniques to real-world economic issues. Additionally, readers will develop the ability to critically evaluate the findings of others’ economic research and models, laying a solid foundation for advanced study in the field.

This Indian adaptation introduces new sections focusing on the Indian economic context, such as monetary policy, inequality of opportunity, and public health expenditure. Significant additions also include analyses of per-capita expenditure, private returns to education, and the impact of financial constraints on innovation in developing economies.