Essays in Applied Microeconomics and Econometrics PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Essays in Applied Microeconomics and Econometrics PDF full book. Access full book title Essays in Applied Microeconomics and Econometrics by Maria Salgado. Download full books in PDF and EPUB format.
Author: Maria Salgado
Publisher:
ISBN:
Category :
Languages : en
Pages : 137
Get Book Here
Book Description
Author: Maria Salgado
Publisher:
ISBN:
Category :
Languages : en
Pages : 137
Get Book Here
Book Description
Author: Hannes Ullrich
Publisher:
ISBN:
Category :
Languages : en
Pages : 186
Get Book Here
Book Description
Author: Siva Anand Anantham
Publisher:
ISBN:
Category :
Languages : en
Pages : 272
Get Book Here
Book Description
In the third chapter of this study, we assess the various adjustments and corrections that have been made to the available data on economic inequality for the sake of consistency and definition. We argue that it is ill-advised to use the adjusted data as a dependent variable, providing an econometrically robust alternative, and to use the available data on economic inequality, adjusted or unadjusted, as an independent variable in regression analysis. Finally, we examine the implications of missing data and evaluate econometric methods to solve this problem.
Author: Kevin Thomas Schnepel
Publisher:
ISBN: 9781303540554
Category :
Languages : en
Pages : 168
Get Book Here
Book Description
To do so, we determine the sample specific measure of cluster heterogeneity that governs this behavior and show that the measure depends on how three quantities vary over clusters: cluster size, the cluster specific error covariance matrix and the actual value of the covariates. Because, in the absence of a fixed design, the third quantity will always vary over clusters, the vast majority of empirical analyses have test statistics whose finite sample behavior is impacted by cluster heterogeneity. To capture this impact, we develop the effective number of clusters, which scales down the actual number of clusters by the measure of cluster heterogeneity. Through simulation we demonstrate this effect and find rejection rates as high as 30 percent for a nominal size of 5 percent.
Author: Christopher Jack Erb
Publisher:
ISBN: 9781109482997
Category :
Languages : en
Pages : 248
Get Book Here
Book Description
In the final chapter, we switch gears and examine the finite-sample performance of test statistics in linear regression models with an unknown dependence structure. The simulation results of this paper suggest that when sample sizes are small, modeling the heterogeneity of a process is secondary to accounting for dependence. We find that a conditionally homoskedastic covariance matrix estimator -- used in conjunction with Rothenberg's (1988) critical value adjustment -- improves test size with only a minimal loss in test power, even when the data manifest significant amounts of heteroskedasticity.
Author: Aganitpol Sivakul
Publisher:
ISBN:
Category : Bangladesh
Languages : en
Pages : 582
Get Book Here
Book Description
Author: Claudio Andrea Zeno Schilter
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Jay Kody Walker
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
My dissertation consists of three essays, each of which implements different data specification schemes to econometrically analyze specific topics in the realm of applied microeconomics and microeconometrics. Three separate questions are asked, and economic data is employed to empirically test the validity of alternative answers. These essays are encapsulated in ranging economic fields, but unified in that microeconomic principles and data analysis methods are employed. The initial essay, which is co-authored with Andrew Hussey and Alex Nikolsko-Rzhevskyy, titled "HIV and Recent Trends in Abortion Rates" tests an empirical link between the introduction of HIV/AIDS into the overall population and its possible impact on unwanted pregnancies as realized in lower abortions rates is in the realm of public and health economics. The second essay titled "Greeks Just Want to Have Fun or Do They? Fraternal Membership and College Outcomes" asks whether or not a student's decision to join a Greek organization during their undergraduate college tenure has significant impacts on collegiate outcomes, which delves into the economics of education, peer effects, and public economics. The third essay titled "A Structural Model of the U.S. Orange Juice Market: Alternative Evaluation Methods for Dumping Charges" takes a particular instance where a domestic industry has claimed that foreign producers have dumped products into the United States domestic market and econometrically tests the validity of those claims. This paper's topic is in the realm of international trade, public choice, and public economics.
Author: Luke Comins Donohoe Stein
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
This dissertation consists of three distinct essays in applied microeconomics. "The Effect of Uncertainty on Investment, Hiring, and R & D: Causal Evidence from Equity Options" (with Elizabeth C. Stone, Analysis Group), conducts an econometric analysis of the impact of economic uncertainty on firm behavior. There is wide debate over this impact, due to the difficulty both of measuring uncertainty and of identifying causality. This chapter takes three steps that attempt to address these challenges. First, we develop an instrumental variables strategy that exploits firms' differential exposure to energy and currency prices and volatility. For example, airlines are negatively affected by high oil prices while oil refiners benefit from them, but both are sensitive to oil price volatility; retailers, in comparison, are not particularly sensitive to either the level or volatility of oil prices. Second, we use the expected volatility of stock prices as implied by equity options to obtain forward-looking measures of uncertainty over firms' business conditions. Finally, we examine how uncertainty affects a range of outcomes: capital investment, hiring, research and development, and advertising. We find that uncertainty depresses capital investment, hiring, and advertising, but encourages R & D spending. This perhaps-surprising result for R & D is consistent with a theoretical literature emphasizing that long investment lags create valuable real put options which offset the effects of call options lost when projects are started. Aggregating across our panel of Compustat firms, we find that rising uncertainty accounts for roughly a third of the fall in capital investment and hiring that occurred in 2008-10. "The Visible Hand: Race and Online Market Outcomes" (with Jennifer L. Doleac, University of Virginia), considers questions regarding how and under what circumstances buyers respond to a seller's race in the marketplace. Do prospective customers behave differently based on sellers' race or signals about sellers' socioeconomic class? Does this depend on whether a customer lives somewhere racially segregated or plagued by property crime? We investigate these questions in a year-long experiment in which we sold iPods through local online classified advertisements throughout the U.S., each featuring a photograph of the product held by a hand that is dark-skinned ("black"), light-skinned ("white"), or with a wrist tattoo (associated with lower social class). We find that black sellers do worse than white sellers on a variety of metrics: they receive 13% fewer responses, 18% fewer offers, and offers that are 11-12% lower. These effects are similar in magnitude to those associated with a white seller's display of a tattoo. Buyers corresponding with a black seller also behave in ways suggesting they trust the seller less: they are less likely to include their names, and less likely to agree to a proposed delivery by mail (rather than cutting off communication or expressing concern about long-distance payments). Black sellers suffer particularly poor outcomes in thin markets; it appears that discrimination may not "survive" in the presence of significant competition among buyers. Furthermore, black sellers do worst in markets that are racially segregated and have high property crime rates, suggesting that at least part of the explanation is statistical discrimination--that is, buyers' concerns about the time and potential danger involved in the transaction, or that the iPod is stolen goods. "Race, Skin Color, and Economic Outcomes in Early Twentieth-Century America" (with Roy Mill, Stanford University and Ancestry.com), considers the effect of race on economic outcomes using unique data from the first half of the twentieth century, a period in which skin color was explicitly coded in population censuses as "White, " "Black, " or "Mulatto." We construct a panel of siblings by digitizing and matching records across the 1910 and 1940 censuses and identifying all 12,000 African-American families in which enumerators classified some children as light-skinned ("Mulatto") and others as dark-skinned ("Black"). Siblings coded "Mulatto" when they were children (in 1910) earned similar wages as adults (in 1940) relative to their Black siblings. This within-family earnings difference is substantially lower than the Black-Mulatto earnings difference in the general population, suggesting that skin color in itself played only a small role in the racial earnings gap. To explore the role of the more social aspect that might be associated with being Black, we then focus on individuals who "passed for White, " an important social phenomenon at the time. To do so, we identify individuals coded "Mulatto" as children but "White" as adults. Passing for White meant that individuals changed their racial affiliation by changing their social ties, while skin color remained unchanged. We compare passers to their siblings who did not pass. Passing was associated with substantially higher earnings, suggesting that race in its social form could have significant consequences for economic outcomes. We discuss how our findings shed light on the roles of discrimination and identity in driving economic outcomes.
![Three Essays in Applied Microeconomics [microform] PDF](https://books.google.com/books/content/images/frontcover/NbcFNAEACAAJ?fife=w80-h100)
Author: Fréchette, Guillaume R. (Guillaume Roy)
Publisher: Ann Arbor, Mich. : University Microfilms International
ISBN:
Category :
Languages : en
Pages : 190
Get Book Here
Book Description
Abstract: This dissertation is comprised of three papers. The first one investigates the causes of bureaucratic corruption through an empirical study using field data. A previously unused data set is brought to bear on this question and a new econometric approach to the estimation of such problems is suggested. This includes the suggestion of a new instrumental variable to deal with the endogeneity of one of the regressors, namely income. The results confirm previous results, that is that the availability of rents fosters corruption, and indicates that the modifications proposed for the estimation are important. The second paper analyses experimental data on legislative bargaining. It shows that a simple adaptive learning model can account for the evolution of the proposals made by subjects. Simple econometric techniques to account for the panel nature of the data, which have not previously been used in this application, are used to show that a single learning model can explain the data. It is shown that the corrections proposed to deal with longitudinal data significantly affect the conclusions reached in this data set. The third and final paper is an experimental investigation of cooperation under imperfect monitoring in an infinitely repeated game. It is shown that subjects can support collusive outcomes even in the presence of imperfect monitoring. Furthermore, consistent with theory, the reduction of the ability to monitor others behavior reduces average payoffs. The paper concludes with an investigation of the specific strategy used by subjects and although their behavior is close to trigger pricing, it is more appropriately describe by an alternative strategy which is a mixture of trigger pricing and tit-for-tat.
