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Synthetic Control Methods for Comparative Case Studies: Estimating the Effect of California's Tobacco Control Program
Abadie, Alberto; Hainmueller, Jens; Diamond, Alexis - National Bureau of Economic Research (NBER) - 2007
Building on an idea in Abadie and Gardeazabal (2003), this article investigates the application of synthetic control methods to comparative case studies. We discuss the advantages of these methods and apply them to study the effects of Proposition 99, a large-scale tobacco control program that...
Persistent link: https://www.econbiz.de/10005829484
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Synthetic Control Methods for Comparative Case Studies: Estimating the Effect of California's Tobacco Control Program
Abadie, Alberto; Hainmueller, Jens; Diamond, Alexis - National Bureau of Economic Research (NBER) - 2007
Building on an idea in Abadie and Gardeazabal (2003), this article investigates the application of synthetic control methods to comparative case studies. We discuss the advantages of these methods and apply them to study the effects of Proposition 99, a large-scale tobacco control program that...
Persistent link: https://www.econbiz.de/10005832254
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Robust Inference with Multi-way Clustering
Cameron, Adrian Colin; Gelbach, Jonah B.; Miller, … - National Bureau of Economic Research (NBER) - 2006
In this paper we propose a new variance estimator for OLS as well as for nonlinear estimators such as logit, probit and GMM, that provcides cluster-robust inference when there is two-way or multi-way clustering that is non-nested. The variance estimator extends the standard cluster-robust...
Persistent link: https://www.econbiz.de/10005832292
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Inverse Probability Tilting for Moment Condition Models with Missing Data
Graham, Bryan S.; Pinto, Cristine Campos de Xavier; … - National Bureau of Economic Research (NBER) - 2008
We propose a new inverse probability weighting (IPW) estimator for moment condition models with missing data. Our estimator is easy to implement and compares favorably with existing IPW estimators, including augmented inverse probability weighting (AIPW) estimators, in terms of efficiency,...
Persistent link: https://www.econbiz.de/10005777945
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Generalized Moments Estimation for Panel Data
Horrace, William C.; Druska, Viliam - National Bureau of Economic Research (NBER) - 2003
This paper considers estimation of a panel data model with disturbances that are autocorrelated across cross-sectional units. It is assumed that the disturbances are spatially correlated, based on some geographic or economic proximity measure. If the time dimension of the data is large, feasible...
Persistent link: https://www.econbiz.de/10005601535
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Linear Social Interactions Models
Brock, William A.; Durlauf, Steven N.; Blume, Lawrence E.; … - National Bureau of Economic Research (NBER) - 2013
This paper provides a systematic analysis of identification in linear social interactions models. This is both a theoretical and an econometric exercise as the analysis is linked to a rigorously delineated model of interdependent decisions. We develop an incomplete information game that...
Persistent link: https://www.econbiz.de/10010821675
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Commodity prices, commodity currencies, and global economic developments
Groen, Jan J. J.; Pesenti, Paolo A. - National Bureau of Economic Research (NBER) - 2010
statistical benchmarks, and revisit the forecasting performance of changes in commodity currencies as efficient predictors of … least squares (PLS) regression to extract dynamic factors from the data set. Our forecasting analysis considers ten …
Persistent link: https://www.econbiz.de/10008548798
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Diffusion Indexes with Sparse Loadings
Kristensen, Johannes Tang - School of Economics and Management, University of Aarhus - 2013
The use of large-dimensional factor models in forecasting has received much attention in the literature with the … model which is better suited for forecasting compared to the traditional principal components (PC) approach.We provide an … asymptotic analysis of the estimator and illustrate its merits empirically in a forecasting experiment based on US macroeconomic …
Persistent link: https://www.econbiz.de/10010851192
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Housing price forecastability: A factor analysis
Bork, Lasse; Møller, Stig V. - School of Economics and Management, University of Aarhus - 2012
-sample forecasting regressions. The predictive power of the model stays high at longer horizons. The estimated factors are strongly …
Persistent link: https://www.econbiz.de/10010851257
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Oracle Efficient Estimation and Forecasting with the Adaptive LASSO and the Adaptive Group LASSO in Vector Autoregressions
Kock, Anders Bredahl; Callot, Laurent A.F. - School of Economics and Management, University of Aarhus - 2012
variable selection and estimation in one step. We evaluate the forecasting accuracy of these estimators for a large set of …
Persistent link: https://www.econbiz.de/10010851261