Showing 1 - 10 of 293
This paper examines the robustness of explanatory variables in cross-country economic growth regressions. It employs a novel approach, Bayesian Averaging of Classical Estimates (BACE), which constructs estimates as a weighted average of OLS estimates for every possible combination of included...
Persistent link: https://www.econbiz.de/10012471000
This paper considers regression-based tests for encompassing, when none of the models under consideration encompasses …
Persistent link: https://www.econbiz.de/10012471033
variety of dynamic processes for updating the quantile and use regression quantile estimation to determine the parameters of …
Persistent link: https://www.econbiz.de/10012471443
The regression discontinuity (RD) data design is a quasi-experimental design with the defining characteristic that the … offer an interpretation of the IV or so-called Wald estimator as a regression discontinuity estimator. We propose …
Persistent link: https://www.econbiz.de/10012471663
When a rate of return is regressed on a lagged stochastic regressor, such as a dividend yield, the regression … substantially from the standard regression setting. Bayesian posterior distributions for the regression parameters are obtained …
Persistent link: https://www.econbiz.de/10012471691
A wide range of empirical applications rely on linear approximations to dynamic Euler equations. Among the most notable of these is the large and growing literature on precautionary saving that examines how consumption growth and saving behavior are affected by uncertainty and prudence. Linear...
Persistent link: https://www.econbiz.de/10012471817
This paper shows how to remove attenuation bias in regression analyses due to measurement error in historical data for …
Persistent link: https://www.econbiz.de/10012938777
causal inference. Estimation remains challenging, however, and common regression methods can give misleading results. A …
Persistent link: https://www.econbiz.de/10012585370
In this paper, we introduce the weighted-average quantile regression model. We argue that this model is of interest in …
Persistent link: https://www.econbiz.de/10013210042
We consider the identification of and inference on a partially linear model, when the outcome of interest and some of the covariates are observed in two different datasets that cannot be linked. This type of data combination problem arises very frequently in empirical microeconomics. Using...
Persistent link: https://www.econbiz.de/10013191048