Search Results - subject:"Instrumental Variables."

Davidson, Russell; MacKinnon, James G. - 2006

instrumental variables and related estimators in the linear regression model. For generalized IV estimators, we obtain familiar …

Persistent link: https://www.econbiz.de/10011940699

Factor-GMM estimation with large sets of possibly weak instruments

Kapetanios, George; Marcellino, Massimiliano - 2006

This paper analyses the use of factor analysis for instrumental variable estimation when the number of instruments tends to infinity. We consider cases where the unobserved factors are the optimal instruments but also cases where the factors are not necessarily the optimal instruments but can...

Persistent link: https://www.econbiz.de/10010284191

Tobacco and Alcohol: Complements or Substitutes? - A Statistical Guinea Pig Approach

Tauchmann, Harald; Göhlmann, Silja; Requate, Till; … - Rheinisch-Westfälisches Institut für … - 2006

alternative instrumental variables approach that statistically mimics an experimental study and does not rely on prices as …

Persistent link: https://www.econbiz.de/10005436110

A Gaussian IV estimator of cointegrating relations

Bårdsen, Gunnar; Haldrup, Niels - School of Economics and Management, University of Aarhus - 2006

large samples. Keywords: Cointegration, Instrumental variables, Mixed Gaussianity. JEL Classification: C2,C22,C32 1 … instrumental variables. The motivation for the estimator is twofold: first, existing Monte-Carlo studies (Banerjee et al., 1993 … instrumental variables estimator of the cointegrating relation where the instruments are chosen as appropriately filtered series. 3 …

Persistent link: https://www.econbiz.de/10005439926

Optimal Estimation of Cointegrated Systems with Irrelevant Instruments

Phillips, Peter C. B. - Cowles Foundation for Research in Economics, Yale University - 2006

only linear instrumental variables estimation, and is a straightforward one step procedure with no loss of degrees of …

Persistent link: https://www.econbiz.de/10005463872

Irrelevant but highly persistent instruments in stationary regressions with endogenous variables containing near-to-unit roots.

Panopoulou, Ekaterini; Kourogenis, Nicolaos; Pittis, Nikitas - Department of Economics, National University of Ireland - 2006

This paper suggests that IV estimators, utilizing irrelevant but persistent instruments mai produce reliable inferences, in small samples, in cases where the endogenous variables contaii autoregressive roots near unity. In such cases, these estimators appear to outperform IV estimator: with...

Persistent link: https://www.econbiz.de/10010954102

Instrumental variables estimation of stationary and nonstationary cointegrating regressions

Robinson, Peter M.; Gerolimetto, M. - London School of Economics (LSE) - 2006

Instrumental variables estimation is classically employed to avoid simultaneous equations bias in a stable environment …

Persistent link: https://www.econbiz.de/10010744959

EVALUATING THE IMPACT OF HEALTH CARE REFORM IN COLOMBIA: FROM THEORY TO PRACTICE

Gaviria, Alejandro; Medina, Carlos; Mejía, Carolina - UNIVERSIDAD DE LOS ANDES-CEDE - 2006

This article presents an evaluation of an ambitious health reform implemented in Colombia during the first half of the nineties. The reform attempted to radically change public provision of health services, by means of the transformation of subsidies to supply (direct transfers to hospitals)...

Persistent link: https://www.econbiz.de/10005042170

Instrumental regression in partially linear models

FLORENS, Jean-Pierre; JOHANNES, Jan; VAN BELLEGEM, … - Center for Operations Research and Econometrics (CORE), … - 2006

instrumental variables. We also focus on the estimation of . An incorrect parametrization of generally leads to an inconsistent …

Persistent link: https://www.econbiz.de/10005043530

Heterogeneous Returns to Training: An Analysis with German Data Using Local Instrumental Variables

Kuckulenz, Anja; Maier, Michael - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2006

instrumental variables suggest that traditional estimates of the wage impact of training overestimate this effect. …

Persistent link: https://www.econbiz.de/10005097738