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Econometric Software: A User's View

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  • Jeffrey K. MacKie-Mason

Abstract

For the social scientist, software is a tool, not an end in itself. My objective in this review is to help practicing economists decide which tool will best get the task done. To do this, I report on how seven programs performed on each of six different econometric projects. I focus on Limdep, RATS, SAS, Stata, SST, and TSP and I more briefly review Gauss, which is a rather different product. Comments on other aspects of the programs are sprinkled throughout.

Suggested Citation

  • Jeffrey K. MacKie-Mason, 1992. "Econometric Software: A User's View," Journal of Economic Perspectives, American Economic Association, vol. 6(4), pages 165-187, Fall.
    • Handle: RePEc:aea:jecper:v:6:y:1992:i:4:p:165-87
    Note: DOI: 10.1257/jep.6.4.165
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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jep.6.4.165
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    References listed on IDEAS

    as
    1. Hausman, Jerry, 2015. "Specification tests in econometrics," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 38(2), pages 112-134.
    2. Chamberlain, Gary, 1982. "Multivariate regression models for panel data," Journal of Econometrics, Elsevier, vol. 18(1), pages 5-46, January.
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    Cited by:

    1. Charles G. Renfro, 2009. "The Practice of Econometric Theory," Advanced Studies in Theoretical and Applied Econometrics, Springer, number 978-3-540-75571-5, July-Dece.
    2. Kozmenko, Olha & Kuzmenko, Olha, 2013. "Modeling the stability dynamics of Ukrainian banking system," MPRA Paper 50841, University Library of Munich, Germany.
    3. H. D. Vinod & B. D. McCullough, 1999. "The Numerical Reliability of Econometric Software," Journal of Economic Literature, American Economic Association, vol. 37(2), pages 633-665, June.
    4. Rodolphe Buda, 2015. "Data Checking and Econometric Software Development: A Technique of Traceability by Fictive Data Encoding," Computational Economics, Springer;Society for Computational Economics, vol. 46(2), pages 325-357, August.

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    More about this item

    JEL classification:

    • C87 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Econometric Software

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