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Bound by Ancestors : Immigration, Credit Frictions, and Global Supply Chain Formation

Choi, Jaerim; Hyun, Jay; Park, Ziho - National Bureau of Economic Research - 2023

structure of global supply chain networks. Using an instrumental variable strategy, combined with a novel dataset that links … firm-to-firm global supply chain information with a US establishment database and historical migration data, we find that … the co-ethnic networks formed by immigration have a positive causal impact on global supply chain relationships between …

Persistent link: https://www.econbiz.de/10014250174

Non-parametric Gravity

Anderson, James E. - National Bureau of Economic Research - 2022

-parametric sufficient statistics for arbitrage gains from trade and terms of trade, and a non-parametric elasticity of terms of trade with … respect to supply. For world manufacturing trade 2000-2014, China's gains rose 2%yearly and terms of trade fell 8.3%. US gains … fell 2% yearly and terms of trade rose 5.5%. Counterfactual industrial policy that raises US 2014 world sales share by 1 …

Persistent link: https://www.econbiz.de/10013477299

Estimating Gravity from the Short to the Long Run : A Simple Solution to the 'International Elasticity Puzzle'

Anderson, James E.; Yotov, Yoto - National Bureau of Economic Research - 2022

for time-interval-varying depreciation-cum-adjustment. A time-varying trade elasticity in the structural gravity model is … implied. Our methods explain the 'international elasticity puzzle,' the discrepancy between trade elasticity estimates from … the trade literature and the international real business cycle literature. The same theory-motivated estimating equation …

Persistent link: https://www.econbiz.de/10013477301

A Market Interpretation of Treatment Effects

Minton, Robert; Mulligan, Casey B. - National Bureau of Economic Research - 2024

Markets, likened to an invisible hand, often appear to contradict econometric assumptions that rule out spillovers of one person's treatment on another's outcomes. This paper provides a simple statistical framework highlighting that controls are indirectly affected by the treatment through the...

Persistent link: https://www.econbiz.de/10015171631

A Practical Guide to Shift-Share Instruments

Borusyak, Kirill; Hull, Peter; Jaravel, Xavier - National Bureau of Economic Research - 2024

A recent econometric literature shows two distinct paths for identification with shift-share instruments, leveraging either many exogenous shifts or exogenous shares. We present the core logic of both paths and practical takeaways via simple checklists. A variety of empirical settings illustrate...

Persistent link: https://www.econbiz.de/10015171639

A Flexible, Heterogeneous Treatment Effects Difference-in-Differences Estimator for Repeated Cross-Sections

Deb, Partha; Norton, Edward C.; Wooldridge, Jeffrey M.; … - National Bureau of Economic Research - 2024

This paper proposes a method to estimate treatment effects in difference-in-differences designs in which the treatment start is staggered over time and treatment effects are heterogeneous by group, time, and covariates, and when the data are repeated cross-sections. We show that a...

Persistent link: https://www.econbiz.de/10015094868

Racial Disparities and Bias in Consumer Bankruptcy

Argyle, Bronson; Indarte, Sasha; Iverson, Benjamin; … - National Bureau of Economic Research - 2025

We document substantial racial disparities in consumer bankruptcy outcomes and investigate the role of racial bias in contributing to these disparities. Using data on the near universe of US bankruptcy cases and self-reported and manually-identified measures of race, we show that minority filers...

Persistent link: https://www.econbiz.de/10015361451

Contamination Bias in Linear Regressions

Goldsmith-Pinkham, Paul; Hull, Peter; Kolesár, Michal - National Bureau of Economic Research - 2022

We study the interpretation of regressions with multiple treatments and flexible controls. Such regressions are often used to analyze stratified randomized control trials with multiple intervention arms, to estimate value-added (for, e.g., teachers) with observational data, and to leverage the...

Persistent link: https://www.econbiz.de/10013334327

Long Story Short : Omitted Variable Bias in Causal Machine Learning

Chernozhukov, Victor; Cinelli, Carlos; Newey, Whitney K.; … - National Bureau of Economic Research - 2022

We derive general, yet simple, sharp bounds on the size of the omitted variable bias for a broad class of causal parameters that can be identified as linear functionals of the conditional expectation function of the outcome. Such functionals encompass many of the traditional targets of...

Persistent link: https://www.econbiz.de/10013334519

Two-way Fixed Effects and Differences-in-Differences Estimators with Several Treatments

Chaisemartin, Clément de; D'Haultfœuille, Xavier - National Bureau of Economic Research - 2022

We study two-way-fixed-effects regressions (TWFE) with several treatment variables. Under a parallel trends assumption, we show that the coefficient on each treatment identifies a weighted sum of that treatment's effect, with possibly negative weights, plus a weighted sum of the effects of the...

Persistent link: https://www.econbiz.de/10013435126