Amazon.com Customer Reviews Avg. Customer Review: 4.5 stars
A modern and unusal approach, January 27, 2005 Reviewer: Il Vecchio Gufo (USA) - See all my reviews This is a fine book, but probably not the one you want to buy if you are looking for ONE all-encompassing reference. The approach is interesting, but unusual, with all the pros and cons that come with originality. It is for graduate students, or very advanced undergraduates, as it requires quite a lot of previous knowledge of linear algebra and statistics. What is unusual about this book is that it covers most topics within a unifying Generalized Method of Moments (GMM) framework. Many many estimators are treated as special cases of GMM. The book is clear, and the notation is mostly OK, even if the chapters on panel data and systems of simultaneous equations are a notational nightmare, partly because of the choice of treating everything in a GMM framework. Another unusual aspect of this book is the emphasis on certain regularity conditions (such as ergodicity) that are usually used in a time-series framework, but are not commonly seen in cross-section analysis. I studied (also) on this book as a graduate student, and overall I liked it. The only real minus are the exercises, which contain so many hints that they become trivial (really, I am not a genius...). Worse, they only require mindless application of linear algebra. One UNimporant cons of this book is the fact that it is... ugly! How could the publisher choose the boring "Times New Roman" font for this book!? But this, of course, does not really matter.... Overall, a useful and good book, but if you are looking for ONE textbook in cross-section econometrics Wooldridge is probably a better choice, and if what you are looking for is ONE book in time series, Hamilton is likely to be what you want on your shelf.
The Most Readable Econometrics Text There Is. Period, October 18, 2004 Reviewer: econstudent - See all my reviews I think Hayashi is the best econometrics textbook to come along in a long time. The treatment has that rare quality of being simultaneously sophisticated yet very easy to follow. In that sense, this book is much different than Greene - whereas Greene is (I think) much more of a reference, you can actually sit down and learn a lot of econometrics with this book. Hayashi not only takes the time to explain key concepts in good prose, but in some cases even writes down step-by-step instructions. All this while not compromising the material.
The treatment is also slightly different in that GMM is a central theme instead of something off to the side, which is very nice. There are plenty of empirical examples - these are somewhat helpful, and the exercises are fairly easy but still illustrative.
Two downsides - it would have been nice to see some treatment of Bayesian econometrics, since this appears to be used much more widely (Lancaster is a good supplement). Second, either I got a faulty book, or there are no tables of critical values. This is ultimately a minor gripe since just about every other book has tables (and you really don't even need them these days with packages and such), but it can be annoying.
Ultimately, the combination of sophistication and readability of this book is what sets it apart from all others. If you're looking to learn econometrics, buy this book.
Excellent, March 20, 2003 Reviewer: "rosuna" (Madrid Espana) - See all my reviews This book has excellent qualities: 1) Its clarity and concision, in exposition and proofs. 2) The modern approach and well structured and complete contents 3) The empirical exercises But, for pure theory I prefer Davidson & McKinnon's "Estimation and inference", and for an empirical approach Berndt's "Practice of Econometrics".
Hayashi's is a good intermediate alternative, with great theory exposition and good empirical exercises.
One of the best options for a graduate student.
Just read it, April 9, 2002 Reviewer: Dong Hwee Kwon (Seoul, SNU) - See all my reviews What a great book it is! I saw two undergraduate book such as gujarati, johnston. But I can't understand what econometrics is.Hayashi put me on the right road to Econometrics. I think it suffices to kwow some matrix and algebra concepts for reading Hayashi's econometrics! He explains every concepts clearly in plain english. Thanks to Joon-yong Park(SNU) and Hayashi(U of Tokyo) ^^
Clear Exposition, January 22, 2002 Reviewer: Teng Hwee Neo (Singapore, Singapore Singapore) - See all my reviews I find it a delight to follow this book. There are numerous footnotes and brief recaps of concepts in linear algebra that are necessary to follow the proofs. Despite the size of the book, the exposition is concise and clear (the font size is large using double-spacing). There are also ample examples and problems in economics to illustrate the theories.
[此贴子已经被作者于2005-1-29 22:55:28编辑过]
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