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We discuss statistical inference problems associated with identification and testability in econometrics. We consider …
Persistent link: https://www.econbiz.de/10014074912
The fundamental problem of external validity is not to generalize from one experiment, so much as to experimentally test generalizable theories. That is, theories that explain the systematic variation of causal effects across contexts. Here we show how the graphical language of causal diagrams...
Persistent link: https://www.econbiz.de/10009789052
This paper studies nonparametric series estimation and inference for the effect of a single variable of interest x on an outcome y in the presence of potentially high-dimensional conditioning variables z. The context is an additively separable model E[y|x, z] = g0(x) + h0(z). The model is...
Persistent link: https://www.econbiz.de/10011824426
estimation by Grenander’s method of sieves, empirical likelihood and causality issues in SFA using regression discontinuity …/methodology/approach - A literature survey. Findings - While there are many useful applications of SFA to econometrics, there are also many … important open problems. Originality/value - This is the first survey of SFA in econometrics that emphasizes important issues …
Persistent link: https://www.econbiz.de/10012514881
This paper develops a systematic Markov Chain Monte Carlo (MCMC) framework based upon Efficient Importance Sampling (EIS) which can be used for the analysis of a wide range of econometric models involving integrals without an analytical solution. EIS is a simple, generic and yet accurate...
Persistent link: https://www.econbiz.de/10014058202
-linear regression model. While it has shown usefulness in modeling insurance loss frequencies and severities, model calibration becomes … truncated regression data. The effectiveness of the proposed algorithm is empirically examined through a simulation study. Using …
Persistent link: https://www.econbiz.de/10013251843
In panel data the interest often is in slope estimation while taking account of the unobserved cross sectional heterogeneity. Firstly, this paper proposes two nonparametric slope estimators where the unobserved cross-sectional effect is treated as fixed. The first estimator uses a...
Persistent link: https://www.econbiz.de/10014064831
This paper analyzes data from 107 countries, spanning 1971-2009, and grouped into three income-based panels to determine the direction and sign of panel long-run causality between transport energy consumption per capita and real GDP per capita. The methods employed address heterogeneity and (at...
Persistent link: https://www.econbiz.de/10013062591
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