Semiparametric Methods In Econometrics

Semiparametric and nonparametric estimation have attracted a great deal of attention from statisticians and theoretical econometricians in the past decade. Various new models have been proposed, and new methods for estimating those models have been suggested. These new models and methods are scattered in various academic journals and are not easily accessible to other researchers. Moreover, the new methods are technical, not easily understood by nonexperts such as graduate students and applied econometricians. Horowitz has two goals in his book Semiparametric Methods in Econometrics. First, he wants to provide a central place for those who want to check out the semiparametric literature. Second, he wants to present technical materials in a nontechnical way so that graduate students and applied econometricians who often do not have expertise in this area can comprehend the new methods. In my view, Horowitz has achieved both goals.