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class of indirect inference models. Our smoothing procedure makes use of importance sampling weights in estimation of the … auxiliary model on simulated data. The importance sampling weights are constructed from likelihood contributions implied by the …
Persistent link: https://www.econbiz.de/10011731997
The more conservative among us believe that "Big Data is a fad that will soon fade out" and they may in fact be partially right. By contrast, others - especially those who dispassionately note that digitization is only now beginning to deliver its payload - may beg to differ. We argue that all...
Persistent link: https://www.econbiz.de/10011486497
Previous evidence indicates trust is an important correlate of compliance with COVID-19 containment policies. However, this conclusion hinges on two crucial assumptions: first, that compliance does not change over time, and second, that mobility or self-reported measures are good proxies for...
Persistent link: https://www.econbiz.de/10013170799
Governments around the world want to develop their ICT and digital industries. Policymakers thus need a clear sense of the size and characteristics of digital businesses, but this is hard to do with conventional datasets and industry codes. This paper uses innovative "big data" resources to...
Persistent link: https://www.econbiz.de/10010440545
more timely external data than the underlying income survey. We evaluate the simulation performance between our approach …
Persistent link: https://www.econbiz.de/10013545791
Recent advancements in data collection have expanded the tools and information available for urban and spatial-based research. This paper presents an overview of spatial big data sources used in urban science and urban economics, with the goal of directing and enriching future research by other...
Persistent link: https://www.econbiz.de/10014377729
Currently available asymptotic results in the literature suggest that matching estimators have higher variance than reweighting estimators. The extant literature comparing the finite sample properties of matching to specific reweighting estimators, however, has concluded that reweighting...
Persistent link: https://www.econbiz.de/10003809052
We examine instrumental variables estimation in situations where the instrument is only observed for a sub-sample, which is fairly common in empirical research. Typically, researchers simply limit the analysis to the sub-sample where the instrument is non-missing. We show that when the...
Persistent link: https://www.econbiz.de/10003934100
We propose a novel selectivity correction procedure to deal with survey attrition, at the crossroads of the "Heckit" and of the bounding approach of Lee (2009). As a substitute for the instrument needed in sample selectivity correction models, we use information on the number of attempts that...
Persistent link: https://www.econbiz.de/10009575404
We build on Rosenzweig and Wolpin (2000) and Keane (2010) and show that in order to fulfill the Instrumental variable (IV) identifying moment condition, a policy must be designed so that compliers and non-compliers either have the same average error term, or have an error term ratio equal to...
Persistent link: https://www.econbiz.de/10009530717