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Average adult height is a physical measure of the biological standard of living of a population. While the biological and economic standards of living of a population are very different concepts, they are linked and may empirically move together. If this is so, then cohort heights can also be...
Persistent link: https://www.econbiz.de/10011418636
Persistent link: https://www.econbiz.de/10011599639
This paper considers inference in log-linearized dynamic stochastic general equilibrium (DSGE) models with weakly …
Persistent link: https://www.econbiz.de/10011599662
We consider the problem of inference on a class of sets describing a collection of admissible models as solutions to a … parameters, making them especially appealing in the target applications. We show that the resulting inference procedures are more …
Persistent link: https://www.econbiz.de/10011599678
This paper provides an overview of the panel VAR models used in macroeconomics and finance. It discusses what are their distinctive features, what they are used for, and how they can be derived from economic theory. It also describes how they are estimated and how shock identification is...
Persistent link: https://www.econbiz.de/10011605552
estimation and inference procedures for both actual and counterfactual growth incidence curves, based on general functions of the … test statistics of interest for those general functions, and proposes resampling methods to implement inference in practice …
Persistent link: https://www.econbiz.de/10011653201
The bootstrap is a convenient tool for calculating standard errors of the parameter estimates of complicated econometric models. Unfortunately, the bootstrap can be very time-consuming. In a recent paper, Honoré and Hu (2017), we propose a "Poor (Wo)man's Bootstrap" based on one-dimensional...
Persistent link: https://www.econbiz.de/10012030354
Inference about productivity change over time based on data envelopment (DEA) has focused primarily on the Malmquist …
Persistent link: https://www.econbiz.de/10012101069
. Estimation and inference can, however, be carried out with the generalized method of moments (GMM) by suitably aggregating … assumptions are proposed in the literature - often lacking a thorough discussion of the implications for estimation and inference … conditions required to establish identification and consistency, derive the asymptotic properties, and carry out inference for …
Persistent link: https://www.econbiz.de/10012109570
We study the estimation of the lag parameter of linear dynamic panel data models with first order dynamics based on the quadratic Ahn and Schmidt (1995) moment conditions. Our contribution is twofold: First, we show that extending the standard assumptions by mean stationarity and time series...
Persistent link: https://www.econbiz.de/10012109572