Search Results - subject:"Instrumental Variables."

Bohemians, human capital and regional economic growth

Falck, Oliver; Fritsch, Michael; Heblich, Stephan - Institut d'Economia de Barcelona (IEB), Facultat … - 2009

An emerging literature on the geography of bohemians argues that a region’s lifestyle and cultural amenities explain, at least partly, the unequal distribution of highly qualified people across space, which in turn, explains geographic disparities in economic growth. However, to date, there...

Persistent link: https://www.econbiz.de/10008578172

Early tracking and the misfortune of being young

Schneeweis, Nicole; Zweimüller, Martina - Austrian Center for Labor Economics and the Analysis of … - 2009

In the Austrian (as well as the German) education system students have to choose between different school tracks at the age of 10. We argue that early tracking creates inefficiencies because the earlier the track choice has to be made, the more it is influenced by factors other than innate...

Persistent link: https://www.econbiz.de/10008578321

Smoking Habits: Like Father, Like Son, Like Mother, Like Daughter

Loureiro, Maria L.; Sanz-de-Galdeano, Anna; Vuri, Daniela - CESifo - 2009

We use instrumental variable methods to investigate whether the impact of parental smoking habits on their children’s smoking decisions is a causal one. We find evidence of same-sex role models in two-parent households: mothers play a crucial role in determining their daughters’ smoking...

Persistent link: https://www.econbiz.de/10008583676

An Alternative Way of ComputingEfficient Instrumental VariableEstimators

Chen, Xiaohong; Jacho-Chávez, David T.; Linton, Oliver - Suntory and Toyota International Centres for Economics … - 2009

A new way of constructing efficient semiparametric instrumental variableestimators is proposed. The method involves the combination of a large number ofpossibly inefficient estimators rather than combining the instruments into anoptimal instrument function. The consistency and asymptotic...

Persistent link: https://www.econbiz.de/10008838716

Early tracking and the misfortune of being young

Schneeweis, Nicole; Zweimüller, Martina - Institut für Volkswirtschaftslehre, … - 2009

Persistent link: https://www.econbiz.de/10008634618

Simple, Skewness-Based GMM Estimation of the Semi-Strong GARCH(1,1) Model

Todd, Prono - Volkswirtschaftliche Fakultät, … - 2009

IV estimators with an instrument vector composed only of past squared residuals, while applicable to the semi-strong ARCH(1) model, do not extend to the semi-strong GARCH(1,1) case because of underidentification. Augmenting the instrument vector with past residuals, however, renders traditional...

Persistent link: https://www.econbiz.de/10009147566

Secondary School Fees and the Causal Effect of Schooling on Health Behavior

Reinhold, Steffen; Jürges, Hendrik - Munich Center for the Economics of Aging (MEA) at the … - 2009

Using German census data we estimate the causal effect of education on smoking and overweight/obesity using the abolition of secondary school fees as instrumental variable. The West German federal states enacted this reform at different dates after World War II generating exogenous variation in...

Persistent link: https://www.econbiz.de/10008472772

The pungent smell of Red Herrings; Subsoil assets, rents, volatility and the resource curse

Ploeg, Frederick van der; Poelhekke, Steven - de Nederlandsche Bank - 2009

Brunnschweiler and Bulte (2008) provide cross-country evidence that the resource curse is a red herring&; once one corrects for the endogeneity of natural resource exports and allows resource abundance to have an effect on growth. Their results show that resource exports are no longer...

Persistent link: https://www.econbiz.de/10008475761

Informal Referrals, Employment and Wages: Seeking Causal Directions

E, Ana Maria DIAZ - Institut de Recherche Économique et Sociale (IRES), … - 2009

: standard OLS estimation, propensity-score matching, and instrumental variables. Results suggest that much of the positive … estimation, propensity-score matching, and instrumental variables. Results suggest that much of the positive e ect of using …, Instrumental Variables, Roy Model. JEL Classi cation: J21, J24, J31, J64, O17, C14, C14. Date: August 11, 2009. I am especially …

Persistent link: https://www.econbiz.de/10008515820

The Paradox of Thrift and Crowding-In of Private Investment in a Simple IS-LM Model

Basu, Deepankar - Department of Economics, University of Massachusetts-Amherst - 2009

1959-2009, time series estimation of the linear model using instrumental variables regression shows that the paradox of …

Persistent link: https://www.econbiz.de/10008458166