Qualitative response models: A survey of methodology and illustrative applications

Abstract

This paper introduces econometric modeling 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 behavior, 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. .Predmet razmatranja ovog rada je ekonometrijsko modeliranje primenom modela diskretne (prekidne) zavisne promenljive. Ovi modeli se cesto nazivaju i modelima kvalitativnog odgovora i predstavljaju standardan metodoloski okvir mikroekonometrijske analize. Rec je o oblasti ekonometrije koja analizira podatke o ekonomskom ponasanju pojedinaca, domacinstava ili preduzeca (mikropodaci). U praksi su ovi modeli najvecu primenu nasli u istrazivanjima o trzistu rada, ponasanju potrosaca i u ekonomiji saobracaja. U novijim istrazivanjima pokazano je da se ova metodologija moze uspesno preneti i u makroekonomski kontekst i opseznije primenjivati u analizi vremenskih serija i panela. .