Similar Search Results

Sample selection models without exclusion restrictions: Parameter heterogeneity and partial identification

Honoré, Bo E.; Hu, Luojia - 2022

This paper studies semiparametric versions of the classical sample selection model (Heckman (1976, 1979)) without exclusion restrictions. We extend the analysis in Honor'e and Hu (2020) by allowing for parameter heterogeneity and derive implications of this model. We also consider models that...

Persistent link: https://www.econbiz.de/10013479459

The signal of volatility

Strohsal, Till; Weber, Enzo - 2012

The present study addresses the economic interpretation of stock market volatility. We argue that its character is inherently ambivalent, being considered as an indicator of either information flow or uncertainty.We discriminate between these views by measuring the fraction of price changes that...

Persistent link: https://www.econbiz.de/10010318768

Inference on a generalized Roy model, with an application to schooling decisions in France

Haultfoeuille, Xavier; Maurel, Arnaud - 2009

This paper considers the identification and estimation of an extension of Roy's model (1951) of occupational choice … focus in particular on the identification of the non-pecuniary component under the condition that at least one variable … restrictions used to identify switching regressions models and treatment effects. Point identification is achieved if such …

Persistent link: https://www.econbiz.de/10010273863

How robust are SVARs at measuring monetary policy in small open economies?

Carrillo, Julio A.; Elizondo, Rocio - 2015

We study the ability of exclusion and sign restrictions to measure monetary policy shocks in small open economies. Our Monte Carlo experiments show that sign restrictions systematically overshoot inflation responses to the said shock, so we propose to add prior information to limit the number of...

Persistent link: https://www.econbiz.de/10011445060

Selection without exclusion

Honoré, Bo E.; Hu, Luojia - 2018

It is well understood that classical sample selection models are not semiparametrically identified without exclusion restrictions. Lee (2009) developed bounds for the parameters in a model that nests the semiparametric sample selection model. These bounds can be wide. In this paper, we...

Persistent link: https://www.econbiz.de/10012030353

A note on global identification in structural vector autoregressions

Bacchiocchi, Emanuele; Kitagawa, Toru - 2021

(2010, 'Structural Vector Autoregressions: Theory of Identification and Algorithms for Inference,' Review of Economic … sufficient for global identification. Analytical investigation of the counterexample clarifies why their sufficiency claim breaks … identifying information. We derive a modified necessary and sufficient condition for SVAR global identification and clarify how it …

Persistent link: https://www.econbiz.de/10012621141

Determinantes de los precios de las colegiaturas de las universidades privadas en México 2005-2019

Flores Márquez, Miguel; Salcedo, Alejandrina; Torre, … - 2022

We estimate a supply and demand model of private college education services in Mexico for the 2005-2019 period, in order to identify the factors that influenced the dynamics of their equilibrium prices. The model is estimated with two- and three-stage least squares using panel data at the state...

Persistent link: https://www.econbiz.de/10014319973

Corrupción y desigualdad de ingresos, evidencia empírica para México (2010-2020)

Flores Márquez, Héctor; Neme Castillo, Omar; … - In: Estudios de Economía 50 (2023) 1, pp. 193-219

Mexico, among the OECD countries, is the country with the greatest difference in income between rich and poor. This situation has been accompanied by high levels of perception of corruption. The goal is to show that corruption and income inequality are correlated. The estimates are affected by...

Persistent link: https://www.econbiz.de/10014486040

Relationship Between Maternal Behavior During Pregnancy, Birth Outcome, and Early Childhood Development: An Exploratory Study

Li, Kai; Poirier, Dale J. - 2003

This study examines the relationship between maternal behavior during pregnancy, birth outcomes, and early childhood development. Specifically, in the context of four measures of maternal behavior during pregnancy (maternal smoking, drinking, prenatal care, and maternal weight gain), three...

Persistent link: https://www.econbiz.de/10010315830

Dynamic Models of R&D, Innovation and Productivity: Panel Data Evidence for Dutch and French Manufacturing

Raymond, Wladimir; Mairesse, Jacques; Mohnen, Pierre; … - 2013

This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly been estimated on cross-sectional data. It considers four nonlinear dynamic simultaneous equations models that include individual effects and idiosyncratic errors correlated...

Persistent link: https://www.econbiz.de/10010317010