Search Results - subject:"Instrumental Variables."

Quasi Empirical Likelihood Estimation of Moment Condition Models

Sherlund, Shane M. - Econometric Society - 2004

In this paper, I develop a quasi empirical likelihood estimator that has good finite-sample properties when there are many moment conditions. I show that the quasi empirical likelihood estimator, which uses semiparametric efficient estimation, is an approximation to the empirical likelihood...

Persistent link: https://www.econbiz.de/10005130203

Instrumental Variables for Binary Treatments with Heterogeneous Treatment Effects: A Simple Exposition

Manning, Alan - Centre for Economic Performance, LSE - 2004

Instrumental Variables for Binary Treatments with Heterogeneous Treatment Effects: A Simple Exposition Alan …-dependent. JEL Classification: C2 Keywords: Instrumental Variables, treatment effects, identification This paper was … literature where ‘treatment’ is endogenous, applied economists make widespread use of the method of instrumental variables to …

Persistent link: https://www.econbiz.de/10005150979

The Determinants of International Portfolio Holdings and Home Bias

Li, Shujing; Faruqee, Hamid; Yan, Isabel K. - International Monetary Fund (IMF) - 2004

Despite the liberalization of foreign portfolio investment around the globe since the early 1980s, the home-bias phenomenon is still found to exist. Using a relatively new IMF survey dataset of cross-border equity holdings, this paper tests new structural equations from a consumption-based...

Persistent link: https://www.econbiz.de/10005263868

Empirical Exchange Rate Models of the Nineties; Are Any Fit to Survive?

Cheung, Yin-Wong; Pascual, Antonio Garcia; Chinn, … - International Monetary Fund (IMF) - 2004

We reassess exchange rate prediction using a wider set of models that have been proposed in the last decade. The performance of these models is compared against two reference specifications-purchasing power parity and the sticky-price monetary model. The models are estimated in first-difference...

Persistent link: https://www.econbiz.de/10005263978

A Bayesian Approach to Model Uncertainty

Tsangarides, Charalambos G. - International Monetary Fund (IMF) - 2004

This paper develops the theoretical background for the Limited Information Bayesian Model Averaging (LIBMA). The proposed approach accounts for model uncertainty by averaging over all possible combinations of predictors when making inferences about the variables of interest, and it...

Persistent link: https://www.econbiz.de/10005264140

Does Trade Openess Affect Core Labor Standards ?

Arestoff, Florence; Granger, Clotilde - Université Paris-Dauphine (Paris IX) - 2004

, using the instrumental variables (IV) method, we show that openness to trade is no longer significant. We test different …

Persistent link: https://www.econbiz.de/10010706832

UNDERSTANDING THE EFFECTS OF EARLY MOTHERHOOD IN BRITAIN : THE EFFECTS ON MOTHERS

Kaplan, Greg; Goodman, Alissa; Walker, Ian - Department of Economics, University of Warwick - 2004

This paper examines the socio-economic consequences of teenage motherhood for a cohort of British women born in 1970. We employ a number of methods to control for observed and unobserved differences between women who gave birth as a teenager and those who do not. We present results from...

Persistent link: https://www.econbiz.de/10005368643

The Effect of Sales Tax Rates on Food Exemptions

Agostini, Claudio - ILADES, Facultad de Economía y Negocios - 2004

instrumental variables to solve the problem and to identify the effect of the sales tax rate on the probability of having a food …

Persistent link: https://www.econbiz.de/10005673237

Split Sample Instrumental Variables

Angrist, Joshua; Krueger, Alan - Industrial Relations Section, Department of Economics - 1993

Persistent link: https://www.econbiz.de/10010928443

Efficient IV estimation for autoregressive models with conditional heterogeneity

Kuersteiner, Guido M. - 1998

Persistent link: https://www.econbiz.de/10001446978