Hands-On Intermediate Econometrics Using R

These are exercises to accompany the above-mentioned book with the URL: http://www.worldscibooks.com/economics/6895.html. At this time all of the following exercises are suggested by H. D. Vinod (HDV) himself. Vinod invites readers to suggest new and challenging exercises (along with full and detailed answers) dealing with the discussion in Chapter 6 and related discussion from econometric literature by sending e-mail to vinod@fordham.edu. If the answers involve R programs, they must work. Readers may also suggest improvements to the answers and/or hints to existing exercises. If we include exercises and improvements suggested by readers, we promise to give credit to such readers by name. Furthermore, we will attach the initials of readers to individual exercises to identify the reader. Some R outputs are suppressed for brevity. 6 Exercises Mostly Based on Chapter 6 (Simultaneous Equations Models) of the text 6.1 Exercise (Haavelmo Model) Use the following initial definitions of data for consumption and income and re-estimate snippets 6.1.1 and 6.1.2. Compare the results to the ones in the text [3].