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Monotonicity is a key qualitative prediction of a wide array of economic models derived via robust comparative statics. It is therefore important to design effective and practical econometric methods for testing this prediction in empirical analysis. This paper develops a general nonparametric...
Persistent link: https://www.econbiz.de/10009667989
This paper studies models in which hypothesis tests have trivial power, that is, power smaller than size. This testing impossibility, or impossibility type A, arises when any alternative is not distinguishable from the null. We also study settings where it is impossible to have almost surely...
Persistent link: https://www.econbiz.de/10011958082
the best possible (minimax) sup-norm rates of estimating h0 and its derivatives, and show that the sieve NPIV estimator …
Persistent link: https://www.econbiz.de/10011596624
-based IV estimator with a data-driven penalty performs well compared to recently advocated many-instrument-robust procedures …-based IV estimator substantially reduces estimated standard errors allowing one to draw much more precise conclusions about the …
Persistent link: https://www.econbiz.de/10008695561
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Persistent link: https://www.econbiz.de/10001921073
different kinds of regressors, we can separate out the distribution theory for each estimator. We provide Monte Carlo …
Persistent link: https://www.econbiz.de/10011775349
easy to compute point estimator of a slope coefficient which can be interpreted as a local average treatment effect (LATE …). However, the 2SLS estimator does not measure the value of other useful treatment effect parameters without invoking untenable …
Persistent link: https://www.econbiz.de/10009718426
econometrics. High dimensional sparse models arise in situations where many regressors (or series terms) are available and the …-dimensional econometrics ; instrumental regression ; partially linear regression ; returns-to-schooling ; growth regression …
Persistent link: https://www.econbiz.de/10009419335
This paper develops characterizations of identified sets of structures and structural features for complete and incomplete models involving continuous and/or discrete variables. Multiple values of unobserved variables can be associated with particular combinations of observed variables. This can...
Persistent link: https://www.econbiz.de/10011343000