Using the same data set, a researcher can obtain very different reduced form estimates just by assuming different macroeconomic models. Reiterative Truncated Projected Least Squares (RTPLS) or Variable Slope Generalized Least Squares (VSGLS) can be used to estimate total derivatives that are not...

Introduction and evaluation criteria -- Power struggles over policies : the Mao years -- Mao sacrifices ethics to advance macroeconomic performance -- The cat's color does not matter : the Deng years -- Deng xiaoping sacrifices ethics to promote efficiency -- Some will get rich before others :...

This paper used Reiterative Truncated Projected Least Squares (RTPLS) to estimate the effects on life expectancy of an additional dollar of insurance premiums for 43 countries. The data shows a clear positive relationship between insurance and life expectancy with insurance premiums increasing...