MATLAB as an econometric programming environment

✍ Scribed by Francisco Cribari-Neto; Mark J. Jensen

• Publisher: John Wiley and Sons
• Year: 1997
• Tongue: English
• Weight: 154 KB
• Volume: 12
• Category: Article
• ISSN: 0883-7252
• DOI: 10.1002/(sici)1099-1255(199711/12)12:6<735::aid-jae471>3.0.co;2-7

✦ Synopsis

Programming computers to perform newly published economic techniques is becoming more and more common for econometricians and economists. The traditional `black box' statistical packages simply do not keep up with the most recent advances in the econometrics and statistics literature, nor do they oer the ¯exibility that most econometricians need and appreciate. In addition, a number of econometric tools for data analysis require some programming. A good example is the bootstrap, where pseudo-samples are drawn from a data set in order to assess the accuracy of estimates and design improved tests. The question then becomes: which programming language best suits the needs of econometricians and economists? There is no easy answer to this question. The answer depends on a number of factors, including personal tastes and the speci®c problems to be solved. This article provides an overview of a high-level matrix programming language with graphical implementations that is being increasingly used by economists: MATLAB.

2. OVERVIEW

2.1.