This paper considers the problem of estimating a simultaneous spatial autoregressive model (SSAR). We propose using the quasi maximum likelihood method to estimate the model. The asymptotic properties of the maximum likelihood estimator including consistency and limiting distribution are...

This paper examines how the characteristics associated with the quality of young' first job in Uruguay determine their future performance in the labor market. Based on the analysis of marginal and treatment effects, applying different methods, we find evidence that supports the hypothesis of...

A Direct Monte Carlo (DMC) approach is introduced for posterior simulation in theInstrumental Variables (IV) model with one possibly endogenous regressor, multipleinstruments and Gaussian errors under a flat prior. This DMC method can also beapplied in an IV model (with one or multiple...