Search Results - subject:"SIMULTANEITY"

Efficient Estimation of the SemiparametricSpatial Autoregressive Model

Robinson, Peter M - Suntory and Toyota International Centres for Economics … - 2007

autoregression; Efficient estimation; Adaptive estimation; Simultaneity bias. © The author …) are harder with respect to the (long range) dependence there, while ours are harder with respect to the simultaneity, and … most di� cult and distinctive part of the Theorem proofs, due both to the simultaneity problem and the n12 normalization …

Persistent link: https://www.econbiz.de/10005151138

Efficient estimation of the semiparametric spatial autoregressive model

Robinson, Peter M. - 2006

Efficient semiparametric and parametric estimates are developed for a spatial autoregressive model, containing non stochastic explanatory variables and innovations suspected to be non-normal. The main stress is on the case of distribution of unknown, nonparametric, form, where series non...

Persistent link: https://www.econbiz.de/10010318525

The Asymptotic and Finite Sample Distributions of OLS and Simple IV in Simultaneous Equations

Kiviet, Jan F.; Niemczyk, Jerzy - Tinbergen Instituut - 2006

by least-squares, thus neglecting any simultaneity. This paper reveals why this may often be justifiable and when …) estimators and depict cases where -- due to relative weakness of the instruments or mildness of the simultaneity -- the …

Persistent link: https://www.econbiz.de/10011257566

Major Provisions of Labour Contracts and their Theoretical Coherence

Christofides, Louis; Peng, Chen - CESifo - 2006

Theoretical work on indexation and contract duration suggests no role for the expected rate of inflation in equations explaining these variables. Yet, stand-alone or two-equation studies of indexation and contract duration often report that this variable is statistically significant. We study a...

Persistent link: https://www.econbiz.de/10005094416

Efficient estimation of the semiparametric spatial autoregressive model

Robinson, Peter - Centre for Microdata Methods and Practice (CEMMAP) - 2006

13; C14; C21 Keywords: Spatial autoregression; E� cient estimation; Adaptive esti- mation; Simultaneity bias …� cult and distinctive part of the Theorem proofs, due both to the simultaneity problem and the n12 normalization. We thus …

Persistent link: https://www.econbiz.de/10005547932

The Asymptotic and Finite Sample Distributions of OLS and Simple IV in Simultaneous Equations

Kiviet, Jan F.; Niemczyk, Jerzy - Tinbergen Institute - 2006

In practice structural equations are often estimated by least-squares, thus neglecting any simultaneity. This paper … mildness of the simultaneity -- the inconsistent estimator is more precise. In addition, we examine by simulation to what …

Persistent link: https://www.econbiz.de/10005137201

Asset Pricing Simultaneities: Phases and Patterns

Coleman, Robert D. - In: Annals of Economics and Finance 7 (2006) 1, pp. 49-76

We show that asset pricing models of return with risk factors that entail either shares or dividends are logically circular simultaneities and thus are fallacious, meaningless, non-interpretable, indeterminate and not valid when tested and estimated by scientific statistical methods. This...

Persistent link: https://www.econbiz.de/10009228666

Financing Decision and Productivity Growth for the Venture Capital Industry in Taiwan

Chen, Chih-Nan; Huang, Tai-Hsin; Lin, Chien-Hsiu - In: Review of Pacific Basin Financial Markets and Policies … 16 (2013) 02, pp. 1350014-1

into account the simultaneity problem that arises from the correlation between inputs and unobserved productivity. The …

Persistent link: https://www.econbiz.de/10010883265

Stationarity conditions for the spatial first-order and serial second-order model

Kotyrlo, Elena - In: Letters in Spatial and Resource Sciences 6 (2013) 1, pp. 19-29

The stationarity conditions for a spatial first-order and serial second-order model in the presence of time-lagged spatial interactions are discussed. The stationarity conditions for serial autoregressive parameters were found on the basis of the structural vector autoregression form of the...

Persistent link: https://www.econbiz.de/10010846106

A Note on the Practice of Lagging Variables to Avoid Simultaneity

Reed, W. Robert - Department of Economics and Finance, College of … - 2013

. This note demonstrates that lagging an endogen¬ous variable does not enable one to escape simultaneity bias. The associated … Xt-1 enables consistent estimation of structural parameters is when there is no simultaneity to begin with. The …

Persistent link: https://www.econbiz.de/10010907403