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Correcting for Primary Study Misspecifications in Meta-Analysis

Koetse, Mark J.; Florax, Raymond J.G.M.; Groot, Henri … - Tinbergen Instituut - 2005

In non-experimental sciences the errors associated with model misspecifications in primarystudies carry over to meta-analysis. We use Monte Carlo simulations to analyse the effects ofthese misspecifications on results of a meta-analysis using a meta-estimator that calculates asimple average...

Persistent link: https://www.econbiz.de/10011256967

Migration and Foreign Direct Investment: Education Matters

Gheasi, Masood; Nijkamp, Peter; Rietveld, Piet - Tinbergen Instituut - 2011

The rapid growth in the foreign-born population in many high and middle-income countries in recent decades has prompted much research on the socio-economic determinants and impacts of immigration. This paper investigates the relationship between the stock of foreign population by nationality...

Persistent link: https://www.econbiz.de/10011256673

Instrumental Variable Estimation for Duration Data

Bijwaard, Govert E. - Tinbergen Instituut - 2008

In this article we develop an Instrumental Variable estimation procedure that corrects for possible endogeneity of a … influence the hazard of the transformed duration. The inverse of an extended rank test provide the estimation equations the IVLR … estimation procedure is based on. We discuss the large sample properties and the efficiency of this estimator. We discuss the …

Persistent link: https://www.econbiz.de/10011256674

A Class of Adaptive Importance Sampling Weighted EM Algorithms for Efficient and Robust Posterior and Predictive Simulation

Hoogerheide, Lennart; Opschoor, Anne; Dijk, Herman K. van - Tinbergen Instituut - 2012

This discussion paper was published in the Journal of Econometrics (2012). Vol. 171(2), 101-120. A class of adaptive sampling methods is introduced for efficient posterior and predictive simulation. The proposed methods are robust in the sense that they can handle target distributions that...

Persistent link: https://www.econbiz.de/10011257036

Instrumental Variables, Errors in Variables, and Simultaneous Equations Models: Applicability and Limitations of Direct Monte Carlo

Zellner, Arnold; Ando, Tomohiro; Basturk, Nalan; … - Tinbergen Instituut - 2011

A Direct Monte Carlo (DMC) approach is introduced for posterior simulation in theInstrumental Variables (IV) model with one possibly endogenous regressor, multipleinstruments and Gaussian errors under a flat prior. This DMC method can also beapplied in an IV model (with one or multiple...

Persistent link: https://www.econbiz.de/10011257271

Education and Entrepreneurial Choice: An Instrumental Variables Analysis

Block, Joern H.; Hoogerheide, Lennart; Thurik, Roy - Tinbergen Instituut - 2009

This discussion paper resulted in a publication in the 'International Small Business Journal' (2013). Volume 31, issue 1, pages 23-33. Education is argued to be an important driver of the decision to start a business. The measurement of its influence, however, is difficult since it is considered...

Persistent link: https://www.econbiz.de/10011257474

Are Education and Entrepreneurial Income Endogenous and do Family Background Variables make Sense as Instruments? A Bayesian Analysis

Block, Joern H.; Hoogerheide, Lennart; Thurik, Roy - Tinbergen Instituut - 2010

See also 'Are Education and Entrepreneurial Income Endogenous?' in Entrepreneurship Research Journal (2012), 2(3), 1-27. Education is a well-known driver of (entrepreneurial) income. The measurement of its influence, however, suffers from endogeneity suspicion. For instance, ability and...

Persistent link: https://www.econbiz.de/10011257490

Family Background Variables as Instruments for Education in Income Regressions: A Bayesian Analysis

Hoogerheide, Lennart; Block, Joern H.; Thurik, Roy - Tinbergen Instituut - 2010

of the strong validity assumption affect the estimation results. We show that, in case of moderate direct effects of the …

Persistent link: https://www.econbiz.de/10011257613

Capital Structure and the Redeployability of Tangible Assets

Campello, Murillo; Giambona, Erasmo - Tinbergen Instituut - 2011

We characterize the relation between corporate asset structure and capital structure by exploitingvariation in the salability of tangible assets. Theory suggests that tangibility increases borrowingcapacity because it allows creditors to more easily repossess a firm’s assets. Tangible assets,...

Persistent link: https://www.econbiz.de/10011255648

Possibly Ill-behaved Posteriors in Econometric Models

Hoogerheide, Lennart; Dijk, Herman K. van - Tinbergen Instituut - 2008

Highly non-elliptical posterior distributions may occur in several econometric models, in particular, when the likelihood information is allowed to dominate and data information is weak. We explain the issue of highly non-elliptical posteriors in a model for the effect of education on income...

Persistent link: https://www.econbiz.de/10011255771