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This paper analyzes the identification question in censored panel data models, where the censoring can depend on both observable and unobservable variables in arbitrary ways. Under some general conditions, we derive the tightest sets on the parameter of interest. These sets (which can be...
Persistent link: https://www.econbiz.de/10013125675
We review approaches to identification and inference on models in Industrial Organization with partial identification and/or moment inequalities. Often, such approaches are intentionally built directly on assumptions of optimizing behavior that are credible in Industrial Organization settings,...
Persistent link: https://www.econbiz.de/10012660087
Consider the linear model E[y|x] = x′β where one is interested in learning about β given data on y and x and when y is interval measured, i.e., we observe ([y0,y1],x) such that P(y ∈ [y0,y1]) = 1. Moment inequality procedures use the implication E[y0|x] ≤ x′β ≤ E[y1|x]. As compared...
Persistent link: https://www.econbiz.de/10014196930
We use a panel data set of 193 countries over 1990-2017 period, by employ the Seemingly unrelated regression (SUR), three stage least squares regression (3SLS), dynamic model two-step generalized method of moments and two-step system generalized method of moments approach to investigate the...
Persistent link: https://www.econbiz.de/10012041948
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