In this paper, I discuss three aspects of the Frisch-Waugh-Lovell theorem. First, I show that the theorem holds for linear instrumental variables estimation of a multiple regression model that is either exactly or overidentified. I show that with linear instrumental variables estimation: (a)...

Background: Finding trends in freight transportation activities enables businesses and policy makers to build an understanding of freight transportation patterns and their impact on logistics planning when making investments in a region's transportation infrastructure and intermodal freight...

In order to fully benefit from the advantages induced by artificial intelligence (AI) at the corporate level, business organisations should be well aware of the factors contributing to the proper AI specialisation of their employees. In this context, the present paper aims to examine the role of...

We develop an estimation procedure of multiple regression function and its derivatives (formarginal e¤ects) based on multivariate maximum entropy (ME) density estimation. The relevantmoments and cross moments conditions are selected to be inlcuded in the inferred distribution.Finite sample and...

This paper examines changes in the Greek wage distribution over 1995-2002 and the role of skills in these changes using a matched employer-employee data set. This data set enables us to account for firm heterogeneity and obtain a more refined picture of the impact of skills. The methodology...

In the present world where education is considered an important factor, all educational institutions are facing competition at a higher level. Students are diverted towards doing higher courses offered by numerous institutes, universities, and colleges, however with the increase in the number of...