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9780070394124 The main purpose of this volume is to serve as a source, reference and teaching supplement in econometrics, the branch of economics which is concerned with statistical methods applied to the empirical study of economic relationships. The papers in this volume provide comprehensive and up-to-date surveys of recent developments in various aspects of econometrics. They cover a wide variety of applications of statistical methodology to econometric problems and are written at a level intended for use by professional econometricians and statisticians, as well as advanced graduate students in econometrics.