Given a model that can be simulated, conditional moments at a trial parameter value can be calculated with high accuracy by applying kernel smoothing methods to a long simulation. With such conditional moments in hand, standard method of moments techniques can be used to estimate the parameter....

This paper studies the asymptotic properties of empirical nonparametric regressions that partially misspecify the relationships between nonstationary variables. In particular, we analyze nonparametric kernel regressions in which a potential nonlinear cointegrating regression is misspecified...

Social capital has proven to be a useful concept, but has been ill-defined and not well-measured in the economics literature. We propose a different empirical method for measuring social capital, latent class analysis, based on the idea that social capital is an unobservable multidimensional...