Search Results - subject:"Instrumental Variables."

Trade Liberalization, Intermediate Inputs, and Productivity; Evidence From Indonesia

Amiti, Mary; Konings, Jozef - International Monetary Fund (IMF) - 2005

This paper estimates the effects of trade liberalization on plant productivity. In contrast to previous studies, we distinguish between productivity gains arising from lower tariffs on final goods relative to lower tariffs on intermediate inputs. Lower output tariffs can produce productivity...

Persistent link: https://www.econbiz.de/10005769329

Equities and inequality

Bonfiglioli, Alessandra - Department of Economics and Business, Universitat … - 2005

Most US credit card holders revolve high-interest debt, often combined with substantial (i) asset accumulation by retirement, and (ii) low-rate liquid assets. Hyperbolic discounting can resolve only the former puzzle (Laibson et al., 2003). Bertaut and Haliassos (2002) proposed an...

Persistent link: https://www.econbiz.de/10005772558

Nonlinearity in the return to education

Trostel, Philip A. - In: Journal of Applied Economics VIII (2005) May, pp. 191-202

This study estimates marginal rates of return to investment in schooling in 12 countries. Significant systematic nonlinearity in the marginal rate of return is found. In particular, the marginal rate of return is increasing significantly at low levels of education, and decreasing significantly...

Persistent link: https://www.econbiz.de/10005624083

On the Empirical Finding of a Higher Risk of Poverty in Rural Areas: Is Rural Residence Endogenous to Poverty?

Fisher, Monica G. - In: Journal of Agricultural and Resource Economics 30 (2005) 02

instrumental variables approach, accounting for correlation between rural residence and the poverty equation error term, finds no …

Persistent link: https://www.econbiz.de/10005805350

Ability, sorting and wage inequality

Carneiro, Pedro; Sokbae 'Simon' Lee - Centre for Microdata Methods and Practice (CEMMAP) - 2005

instrumental variables, selection bias, semiparametric estimation, wage distribution. ⁄Corresponding address: Department of … estimated using the method of local instrumental variables (Heckman and Vytlacil, 1999, 2001, 2005; Carneiro, Heckman and … the returns to schooling. 6 We extend their method of local instrumental variables to the estimation of marginal …

Persistent link: https://www.econbiz.de/10005811470

Is Russia Still Driving Regional Economic Growth?

Pani, Marco; Jafarov, Etibar; Shiells, Clinton R. - International Monetary Fund (IMF) - 2005

This paper investigates whether the linkages between economic growth in Russia and growth in other countries in the region have weakened over time, particularly following the 1998 Russian crisis. It specifies an econometric model that includes standard growth determinants as well as Russian...

Persistent link: https://www.econbiz.de/10005599404

Migration and Foreign Remittances in the Philippines

Burgess, Robert; Haksar, V. - International Monetary Fund (IMF) - 2005

International migration and large remittance flows have been prominent features of the Philippine economy for many decades. This paper describes the evolving pattern of migration and remittance flows and analyzes some of the channels through which remittances affect economic activity. The...

Persistent link: https://www.econbiz.de/10005604780

Growth, Expansion of Markets, and Income Elasticities in World Trade

Wu, Yi - International Monetary Fund (IMF) - 2005

The Houthakker-Magee effect implies that a country facing unfavorable income elasticities in trade must either grow at a slower rate than its trading partners or experience a trend worsening of its current account and/or depreciation of its real exchange rate. Krugman (1989) first documented the...

Persistent link: https://www.econbiz.de/10005604818

Pace and Sequencing of Economic Policies

Zalduendo, Juan - International Monetary Fund (IMF) - 2005

This paper examines the design of economic policies using factor analysis, which has several advantages; in particular, it limits the problems that typically arise from the high correlation of economic policy indicators, it helps in identifying clusters of economic policy, and it facilitates the...

Persistent link: https://www.econbiz.de/10005605157

Exploring the Use of a Nonparametrically Generated Instrumetal Variable in the Estimation of a Linear Parametric Equation

Denton, Frank T. - Department of Economics, McMaster University - 2005

is explored, using kernel and other smoothing functions. The method, termed IVOS (Instrumental Variables Obtained by …

Persistent link: https://www.econbiz.de/10005763316