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Estimators of average treatment effects under unconfounded treatment assignment are known to become rather imprecise if there is limited overlap in the covariate distributions between the treatment groups. But such limited overlap can also have a detrimental effect on inference, and lead for...
Persistent link: https://www.econbiz.de/10010467806
Causal effects of a policy change on hazard rates of a duration outcome variable are not identified from a comparison of spells before and after the policy change, if there is unobserved heterogeneity in the effects and no model structure is imposed. We develop a discontinuity approach that...
Persistent link: https://www.econbiz.de/10010403911
Proxy variables are often used in linear regression models with the aim of removing potential confounding bias. In this paper we formalise proxy variables within the potential outcome framework, giving conditions under which it can be shown that causal effects are nonparametrically identified....
Persistent link: https://www.econbiz.de/10011502831
In regression discontinuity design (RD), for a given bandwidth, researchers can estimate standard errors based on different variance formulas obtained under different asymptotic frameworks. In the traditional approach the bandwidth shrinks to zero as sample size increases; alternatively, the...
Persistent link: https://www.econbiz.de/10011869057
This paper develops a novel wild bootstrap procedure to construct robust bias-corrected (RBC) valid confidence intervals (CIs) for fuzzy regression discontinuity designs, providing an intuitive complement to existing RBC methods. The CIs generated by this procedure are valid under conditions...
Persistent link: https://www.econbiz.de/10012139158
This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using … comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on executive … cash compensation (salary and bonus) for top executives with respect to shareholder value in China. In addition, sales …
Persistent link: https://www.econbiz.de/10003225948
Persistent link: https://www.econbiz.de/10001776067
biases. Benefiting from a special feature of the University Admission system in China, which has clear cutoffs for university … average treatment effects might understate the true effects of the university expansion program introduced in China in 1999 … and thereafter. -- Rate of return to education ; regression discontinuity design ; China …
Persistent link: https://www.econbiz.de/10003939256
China's R&D policy could have been more than twice as effective in boosting R&D without misappropriation. R&D expenditures … misappropriation of public funds considerably undermines the impact of R&D policies in China. …
Persistent link: https://www.econbiz.de/10012698645
China is perceived to rely on subsidizing firms in targeted industries to improve their performance and stay …
Persistent link: https://www.econbiz.de/10013187211