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Two distinguished New Zealanders pioneered some of the foundations of modern econometrics. Alec Aitken, one of the most … decades before their use in economics), and statistical estimation theory leading to the Cramér Rao bound. Rex Bergstrom … 1950s, opened up the field of exact distribution theory, developed cyclical growth models in economic theory, and spent …
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This paper provides a tribute to Edmond Malinvaud's contributions to econometrics. We overview the primary original … contributions in Edmond Malinvaud's masterful work The Statistical Methods of Econometrics. This advanced text developed a complete … treatment of linear estimation theory using geometric methods and, for the first time, provided rigorous nonlinear regression …
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Econometric analyses of treatment response commonly use instrumental variable (IV) assumptions to identify treatment effects. Yet the credibility of IV assumptions is often a matter of considerable disagreement, with much debate about whether some covariate is or is not a "valid instrument" in...
Persistent link: https://www.econbiz.de/10013247435
As I document using evidence from a journal data repository that I manage, the datasets used in empirical work are getting larger. When we use very large datasets, it can be dangerous to rely on standard methods for statistical inference. In addition, we need to worry about computational issues....
Persistent link: https://www.econbiz.de/10012815681
Econometric analyses of treatment response commonly use instrumental variable (IV) assumptions to identify treatment effects. Yet the credibility of IV assumptions is often a matter of considerable disagreement, with much debate about whether some covariate is or is not a "valid instrument" in...
Persistent link: https://www.econbiz.de/10012472423
way, we incorporate some examples that are current in the econometrics literature. While we include many problems with …
Persistent link: https://www.econbiz.de/10014203753
Bayesian predictive synthesis is a flexible method of combining density predictions. The flexibility comes from the ability to choose an arbitrary synthesis function to combine predictions. I study the choice of synthesis function when combining large numbers of predictions-a common occurrence...
Persistent link: https://www.econbiz.de/10014456598
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