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the instruments in the first-stage equations can grow with and exceed the sample size n. The analysis concerns the exact … obtains the fitted regressors from the first-stage regression by a least square estimator with l_1-regularization (the Lasso … or Dantzig selector) when the first-stage regression concerns a large number of instruments relative to n, and then …
Persistent link: https://www.econbiz.de/10011109953
We consider the problem of estimating the unconditional distribution of a post-model-selection estimator. The notion of a post-model-selection estimator here refers to the combined procedure resulting from first selecting a model (e.g., by a model selection criterion like AIC or by a hypothesis...
Persistent link: https://www.econbiz.de/10005619444
The aim of the paper is to present the economic dimension of the Europe 2020 strategy. The new strategy of European Union, was launched on 3 march 2010, as a response for economic crisis. Considerated as a new agenda for economic problem, continue, as Lisbon strategy did, to offer a new...
Persistent link: https://www.econbiz.de/10011260945
In this paper we discuss the actual and civilizational role of the state and its management. The MBO and the same OECD accounts-financial models are not recommended.With an comparative analysis we conclude for the necessity of a more organics and strategic models of governance and not...
Persistent link: https://www.econbiz.de/10005616938
which the risk management and hedging needs of investors may be effectively met through the derivative instruments. However …
Persistent link: https://www.econbiz.de/10005621718
Since the 1990s flood risk and the effects of flooding episodes have reemerged as an important natural hazard concern in central and northern Europe. These concerns have also been exacerbated as a result of widespread and increasing awareness of global climate change, and significant wetland...
Persistent link: https://www.econbiz.de/10011111948
The aim of the paper is to present the economic dimension of the Europe 2020 strategy. The new strategy of European Union, was launched on 3 march 2010, as a response for economic crisis. Considerated as a new agenda for economic problem, continue, as Lisbon strategy did, to offer a new...
Persistent link: https://www.econbiz.de/10011258255
As the developed world has experienced a shift away from the traditional two-biological parent family, scholars have sought to understand how children are faring in non-traditional homes. Debate has arisen over assertions that children from non-traditional families do less well in school....
Persistent link: https://www.econbiz.de/10011258672
Introduction of inflation targeting has global effects on dynamic of prices and economic growth. In case of a developing country with an increasing remonetization since 2007 – 2008 and modest growing later than 2009 it’s important to assess the adoption of a new regime and how it helps to...
Persistent link: https://www.econbiz.de/10011259298
Propensity Score Matching (PSM) has become a popular approach to estimation of causal effects. It relies on the assumption that selection into a treatment can be explained purely in terms of observable characteristics (the “unconfoundedness assumption”) and on the property that balancing on...
Persistent link: https://www.econbiz.de/10005015605