The paper focuses on the issue of the modifiable areal unit problem (MAUP), which is frequently discussed within spatial econometrics. This issue concerns the changeability of the characteristics of the analysed phenomena under the impact of the change in the composition of territorial units....

In this paper I provide new evidence on the implications of treatment effect heterogeneity for least squares estimation when the effects are inappropriately assumed to be homogenous. I prove that under a set of benchmark assumptions linear regression provides a consistent estimator of the...

This paper investigates the impact of the local and the US monetary policy environments on stock returns at the different locations on the return distributions. Using data for stock returns and interest rates of 30 countries, the quantile regression technique is employed to estimate the...

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...

In this paper, we first re-visit the inference problem for interval identified parameters originally studied in Imbens and Manski (2004) and later extended in Stoye (2008). We take the general criterion function approach and establish a new confidence interval that is asymptotically valid under...

In this paper, we study partial identification of the distribution of treatment effects of a binary treatment for ideal randomized experiments, ideal randomized experiments with a known value of a dependence measure, and for data satisfying the selection-on-observables assumption respectively....

Econometrics is the area of statistics concerned in analyzing economic data, for both economic and business applications. This document, introduces the intermediate concepts of this area, for students already familiarized with basic econometric theory. In particular, topics concerning...

This article performs an analysis of the relationship that exists between economic growth and the environment in the 32 states of the Mexican Republic. The Environmental Kuznets Curve (EKC) suggests that there is indeed a relationship between economic growth and the environment. As economies...

The purpose of this paper is to show the capacity of a new non-parametric test based on symbolic entropy and symbolic dynamics to deal with the detection of linear and non-linear spatial causality. The good performance of the new test in detecting spatial causality and causal weighting matrix is...

This study is conducted to determine the factors affecting magnitude of poor families in the Philippines and measure the effect of the variables presented. The model was estimated using the Ordinary Least Square (OLS) procedure and cross sectional data set consisting of the 16 regions in the...