Search Results - subject:"INSTRUMENTAL VARIABLES"

How Do Unionists Vote? Estimating the Causal Impact of Union Membership on Voting Behaviour from 1966 to 2004

Leigh, Andrew - Research School of Economics, College of Business and … - 2006

I explore the voting patterns of trade union members in Australian elections conducted between 1966 and 2004, and find that on average, 63 percent of trade union members vote for the Australian Labor Party. Despite the fact that union membership declined from around one-half of the workforce in...

Persistent link: https://www.econbiz.de/10005032844

Does Equality Lead to Fraternity?

Leigh, Andrew - Research School of Economics, College of Business and … - 2006

Several cross-country studies have observed a negative correlation between inequality and interpersonal trust. Using data from 59 countries, I instrument for inequality using the relative size of the mature-aged cohort, and find that a rise in inequality reduces trust.

Persistent link: https://www.econbiz.de/10005032865

Assessing the Credibility of Instrumental Variables Inference With Imperfect Instruments Via Sensitivity Analysis

Richard A. Ashley. - Department of Economics, Virginia Polytechnic Institute … - 2006

Consistent instrumental variables (IV) estimation requires instruments uncorrelated with the model errors, but this assumption is … is given to a study by Acemoglu et al. (2001). JEL: C10, C12 Keywords: Instrumental variables, instrument validity, IV … estimation, sensitivity analysis 1 1. Introduction Consistent instrumental variables (IV) estimation requires instruments which …

Persistent link: https://www.econbiz.de/10005704237

An Introduction to Modern Econometrics using Stata

Baum, Christopher - StataCorp LP - 2006

An Introduction to Modern Econometrics Using Stata, by Christopher F. Baum, successfully bridges the gap between learning econometrics and learning how to use Stata. The book presents a contemporary approach to econometrics, emphasizing the role of method-of-moments estimators, hypothesis...

Persistent link: https://www.econbiz.de/10005568777

Mission accomplished: A reply to Reuveny and Keshk

Goenner, Cullen F. - In: Conflict Management and Peace Science 30 (2013) 1, pp. 19-23

Reuveny and Keshk (â€œReconsidering trade and conflict simultaneity: The risk of emphasizing technique over substance,â€ this issue, 2013) argue that the econometric techniques used by Goenner (Conflict Management and Peace Science 28(5): 459â€“477, 2011) to test and control for...

Persistent link: https://www.econbiz.de/10011138372

Econometric Issues when Modelling with a Mixture of I(1) and I(0) Variables

Fisher, Lance A.; Huh, Hyeon-seung; Pagan, Adrian R. - Economic Research Institute, College of Business and … - 2013

This paper considers structural models when both I(1) and I(0) variables are present. It is necessary to extend the traditional classification of shocks as permanent and transitory, and we do this by introducing a mixed shock. The extra shocks coming from introducing I(0) variables into a system...

Persistent link: https://www.econbiz.de/10011191571

The role of remittances in currency appreciation in 25 Latin American countries

Naghshpour, Shahdad; Gillette, Madeline; Sergi, Bruno S. - In: World Review of Entrepreneurship, Management and … 9 (2013) 3, pp. 320-339

Remittances are a transfer from mostly developed countries to less developed countries by the workers that have migrated for work. For some countries the magnitude is huge. In the western hemisphere the remittances flow mostly from the USA to Latin countries. Theoretically, the flow of...

Persistent link: https://www.econbiz.de/10010816965

Nonparametric Identification in Structural Economic Models

Matzkin, Rosa L. - In: Annual Review of Economics 5 (2013) 1, pp. 457-486

Structural economic models allow one to analyze counterfactuals when economic systems change and to evaluate the well-being of economic agents. A key element in such analysis is the ability to identify the primitive functions and distributions of the economic models that are employed to describe...

Persistent link: https://www.econbiz.de/10010822971

Convergency and Divergency of Functional Coefficient Weak Instrumental Variables Models

Cai, Zongwu; Li, Henong - 2013

In this paper, we consider a simultaneous equations model under a functional coefficient representation for the structural equation of interest and adopt the local-to-zero assumptions as in Staiger and Stock (1997) and Hahn and Kuersteiner (2002) on the coefficients of the instruments in the...

Persistent link: https://www.econbiz.de/10010892074

Nonparametric Estimation Of Varying Coefficient Dynamic Panel Data Models

Cai, Zongwu; Li, Qi - 2013

We suggest using a class of semiparametric dynamic panel data models to capture individual variations in panel data. The model assumes linearity in some continu ous/discrete variables which can be exogenous/endogenous, and allows for nonlinearity in other weakly exogenous variables. We propose a...

Persistent link: https://www.econbiz.de/10010892093