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To pool or not to pool : revisited
Pesaran, M. Hashem; Zhou, Qiankun - 2015
This paper provides a new comparative analysis of pooled least squares and fixed effects estimators of the slope coefficients in the case of panel data models when the time dimension (T) is fixed while the cross section dimension (N) is allowed to increase without bounds. The individual effects...
Persistent link: https://www.econbiz.de/10011283819
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Alternative approaches to estimation and inference in large multifactor panels : small sample results with an application to modelling of asset returns
Kapetanios, George (contributor);  … - 2005
The tensions between books and book markets as expressions of culture and books as products in profit-making businesses are analysed and insights from the theory of industrial organisation are given. Governments intervene in the market for books through laws concerning prices of books, grants...
Persistent link: https://www.econbiz.de/10002734112
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From late to MTE : alternative methods for the evaluation of policy interventions
Cornelißen, Thomas; Dustmann, Christian; Raute, Anna; … - 2016
This paper provides an introduction into the estimation of Marginal Treatment Effects (MTE). Compared to the existing … econometric techniques who would like to use MTE estimation. Our framework of analysis is a generalized Roy model based on the … IV estimation with a discrete instrument resulting in a local average treatment effect (LATE). Turning to IV estimation …
Persistent link: https://www.econbiz.de/10011499992
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Trimmed mean group estimation of average treatment effects in ultra short T panels under correlated heterogeneity
Pesaran, M. Hashem; Yang, Liying - 2023
Under correlated heterogeneity, the commonly used two-way fixed effects estimator is biased and can lead to misleading inference. This paper proposes a new trimmed mean group (TMG) estimator which is consistent at the irregular rate of n 1/3 even if the time dimension of the panel is as small as...
Persistent link: https://www.econbiz.de/10014393231
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Bayesian estimation of epidemiological models : methods, causality, and policy trade-offs
Arias, Jonas E.; Fernández-Villaverde, Jesús; … - 2021
We present a general framework for Bayesian estimation and causality assessment in epidemiological models. The key to …
Persistent link: https://www.econbiz.de/10012494833
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On heckits, LATE, and numerical equivalence
Kline, Patrick; Walters, Christopher R. - 2018
Structural econometric methods are often criticized for being sensitive to functional form assumptions. We study parametric estimators of the local average treatment effect (LATE) derived from a widely used class of latent threshold crossing models and show they yield LATE estimates...
Persistent link: https://www.econbiz.de/10011825221
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Selection and parallel trends
Ghanem, Dalia; Sant'Anna, Pedro H. C.; Wüthrich, Kaspar - 2022
One of the perceived advantages of difference-in-differences (DiD) methods is that they do not explicitly restrict how units select into treatment. However, when justifying DiD, researchers often argue that the treatment is "quasi-randomly" assigned. We investigate what selection mechanisms are...
Persistent link: https://www.econbiz.de/10013362377
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Who benefits from universal child care? : estimating marginal returns to early child care attendance
Cornelißen, Thomas; Dustmann, Christian; Raute, Anna; … - 2018
In this paper, we examine the heterogeneous treatment effects of a universal child care (preschool) program in Germany by exploiting the exogenous variation in attendance caused by a reform that led to a large staggered expansion across municipalities. Drawing on novel administrative data from...
Persistent link: https://www.econbiz.de/10011882218
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The effects of free secondary school track choice : a disaggregated synthetic control approach
Osikominu, Aderonke; Pfeifer, Gregor; Strohmaier, Kristina - 2021
We exploit a recent state-level reform in Germany that granted parents the right to decide on the highest secondary school track suitable for their child, changing the purpose of the primary teacher's recommendation from mandatory to informational. Applying a disaggregated synthetic control...
Persistent link: https://www.econbiz.de/10012428967
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Pricing for a cooler planet : an empirical analysis of the effect of taxing carbon
Mideksa, Torben K. - 2021
Finland introduced the planet’s first carbon tax in 1990 to experiment with, to most economists, the best policy to reverse carbon emissions. I estimate the causal effect of taxing carbon on Finnish emissions using the Synthetic Control Approach (Abadie, 2021). The results suggest that taxing...
Persistent link: https://www.econbiz.de/10012597096