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Economists have devoted increasing attention to the magnitude and consequences of measurement error in their data. Most discussions of measurement error are based on the "classical[equal, rising dots] assumption that errors in measuring a particular variable are uncorrelated with the true value...
Persistent link: https://www.econbiz.de/10005239141
When one wants to estimate a model without specifying the functions and distributions parametrically, or when one wants to analyze the identification of a model independently of any particular parametric specification, it is useful to perform a nonparametric analysis of identification. This...
Persistent link: https://www.econbiz.de/10005239142
This chapter explains the logic of structural econometric models and compares them to other types of econometric models. We provide a framework researchers can use to develop and evaluate structural econometric models. This framework pays particular attention to describing different sources of...
Persistent link: https://www.econbiz.de/10005239144
Economists who use survey or administrative data for inferences regarding a population may want to combine information obtained from two or more samples drawn from the population. This is the case if there is no single sample that contains all relevant variables. A special case occurs if...
Persistent link: https://www.econbiz.de/10005239145
Often researchers find parametric models restrictive and sensitive to deviations from the parametric specifications; semi-nonparametric models are more flexible and robust, but lead to other complications such as introducing infinite-dimensional parameter spaces that may not be compact and the...
Persistent link: https://www.econbiz.de/10005239146
This chapter covers the theory and methods for productivity measurement for nations. Labor, multifactor and total factor productivity measures are defined and are related to each other and to gross domestic product (GDP) per capita. Their growth over time and relative counterparts are defined as...
Persistent link: https://www.econbiz.de/10005204023
Since the early 1980s, the econometric analysis of duration variables has become widespread. This chapter provides an overview of duration analysis, with an emphasis on the specification and identification of duration models, and with special attention to models for multiple durations. Most of...
Persistent link: https://www.econbiz.de/10005204028
Inverse problems can be described as functional equations where the value of the function is known or easily estimable but the argument is unknown. Many problems in econometrics can be stated in the form of inverse problems where the argument itself is a function. For example, consider a...
Persistent link: https://www.econbiz.de/10005204029
This chapter develops three topics. (1) Identification of the distributions of treatment effects and the distributions of agent subjective evaluations of treatment effects. Methods for identifying ex ante and ex post distributions are presented and empirical examples are given. (2)...
Persistent link: https://www.econbiz.de/10005204030
This chapter focuses on two of the developments in panel data econometrics since the Handbook chapter by Chamberlain (1984).The first objective of this chapter is to provide a review of linear panel data models with predetermined variables. We discuss the implications of assuming that...
Persistent link: https://www.econbiz.de/10005204031