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the increasing need for faster, and more efficient and scalable, permutation test and bootstrap algorithms. Seven … bootstrap and six permutation test algorithms coded in SAS (the largest privately owned software firm globally) are compared …. The fastest algorithms (“OPDY” for the bootstrap, “OPDN” for permutation tests) are new, use no modules beyond Base SAS …
Persistent link: https://www.econbiz.de/10012974353
This paper develops a specification test for instrument validity in the heterogeneous treatment effect model with a binary treatment and a discrete instrument. The strongest testable implication for instrument validity is given by the condition for nonnegativity of point-identifiable complier's...
Persistent link: https://www.econbiz.de/10010392075
requirements that are not always obvious to the non-expert user. Bootstrap DEA is a significant development of the past decade …, which could be extended to test almost any hypothesis in bootstrap DEA. Moreover, it enhances the intuition behind bootstrap …
Persistent link: https://www.econbiz.de/10009583705
bootstrap algorithm to implement the proposed test and show its asymptotic validity. The proposed test procedure can apply to …
Persistent link: https://www.econbiz.de/10010190476
With Monte Carlo experiments on models in widespread use we examine the performance of indirect inference (II) tests of DSGE models in small samples. We compare these tests with ones based on direct inference (using the Likelihood Ratio, LR). We find that both tests have power so that a...
Persistent link: https://www.econbiz.de/10011317836
Using Monte Carlo experiments, we examine the performance of Indirect Inference tests of DSGE models, usually versions of the Smets-Wouters New Keynesian model of the US postwar period. We compare these with tests based on direct inference (using the Likelihood Ratio), and on the Del...
Persistent link: https://www.econbiz.de/10009563550
Anwendung des Bootstrap-basierten Rangtests (von Cavaliere, Rahbek und Taylor, 2012) in einem bivariaten System Verzerrungen der …) Produktionslücke als Kovariable, und sonst nicht. Als Schlussfolgerung ergibt sich, dass der Bootstrap-basierte Rangtest gerade auch in …
Persistent link: https://www.econbiz.de/10012098817
-run asymmetry are generally oversized if the threshold parameter is estimated by conditional least squares and show that bootstrap …
Persistent link: https://www.econbiz.de/10012025641
-system results we also investigate alternative bootstrap test approaches in the larger system. Throughout we follow the given …-consistent wild bootstrap) therefore still suggests rejection of non-cointegration at the 5% but not at the 1% significance level. The …
Persistent link: https://www.econbiz.de/10011843041
We introduce new stylometry tools based on the sliced conditional compression complexity of literary texts which are inspired by the nearly optimal application of the incomputable Kolmogorov conditional complexity (and presumably approximates it). Whereas other stylometry tools can occasionally...
Persistent link: https://www.econbiz.de/10003634789