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the household budget constraint. In this paper we use transaction-level retail investment data to assess the measurement …
Persistent link: https://www.econbiz.de/10012480729
We provide a new and superior measure of U.S. GDP, obtained by applying optimal signal-extraction techniques to the (noisy) expenditure-side and income-side estimates. Its properties - particularly as regards serial correlation - differ markedly from those of the standard expenditure-side...
Persistent link: https://www.econbiz.de/10012459708
of these tests, an important example being the extent of test measurement error and its implications for educational …We show there is a credible, low-cost approach for estimating the total test measurement error that can be applied when … between tests as well as variation in the degree of measurement error across tests. The approach maintains relatively …
Persistent link: https://www.econbiz.de/10012460650
measurement error in investment equations. Our experiments show that individual-fixed effects, error heteroscedasticity, and data … measurement error under circumstances empirical researchers are likely to find in practice …
Persistent link: https://www.econbiz.de/10012462700
Conventional estimates of the impact of taxes on investment may be seriously biased by measurement error in the cost of … capital equipment, this paper provides direct evidence of measurement error in the tax component of the cost of capital …
Persistent link: https://www.econbiz.de/10012471217
We propose a general method of moments technique to identify measurement error in self-reported and transcript …, because the measurement error in educational attainment is non-classical, IV estimates also tend to be biased, although the … magnitude of the bias depends upon the nature of the measurement error in the region of educational attainment affected by the …
Persistent link: https://www.econbiz.de/10012471555
technique that uses intensive qualitative work to assess survey measurement error. Subjects were assigned to receive cash …
Persistent link: https://www.econbiz.de/10012457221
This chapter synthesizes and critically reviews the modern instrumental variables (IV) literature that allows for unobserved heterogeneity in treatment effects (UHTE). We start by discussing why UHTE is often an essential aspect of IV applications in economics and we explain the conceptual...
Persistent link: https://www.econbiz.de/10015072869
In this paper, we investigate several key problems in Japanese economic statistics. We use CPI mismeasurements and biases as an example to explore the roots of the problems and also to offer guidelines for improvements. We emphasize 3 major shortcomings shared by many official statistics in...
Persistent link: https://www.econbiz.de/10012469267
Purchasing power parity exchange rates, or PPPs, are price indexes that summarize prices in each country relative to a numeraire country, typically the United States. These numbers are used to compare living standards across countries, by academics in studies of economic growth, particularly...
Persistent link: https://www.econbiz.de/10012458422