Survey on statistical inferences in weakly-identified instrumental variable models 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 Survey on statistical inferences in weakly-identified instrumental variable models PDF full book. Access full book title Survey on statistical inferences in weakly-identified instrumental variable models by А. Mikusheva. Download full books in PDF and EPUB format.
Author: А. Mikusheva
Publisher: Litres
ISBN: 545739493X
Category : Business & Economics
Languages : en
Pages : 15
Get Book Here
Book Description
This paper provides a brief review of the current state of knowledge on the topic of weakly-identified instrumental variable regression. We describe the essence of the problem of weak identification, possible methods for detecting it in applied work as well as methods robust to weak identification. Special attention is devoted to the question of hypothesis testing in the presence of weak identification.
Author: А. Mikusheva
Publisher: Litres
ISBN: 545739493X
Category : Business & Economics
Languages : en
Pages : 15
Get Book Here
Book Description
This paper provides a brief review of the current state of knowledge on the topic of weakly-identified instrumental variable regression. We describe the essence of the problem of weak identification, possible methods for detecting it in applied work as well as methods robust to weak identification. Special attention is devoted to the question of hypothesis testing in the presence of weak identification.
Author: Bernt P. Stigum
Publisher: Princeton University Press
ISBN: 1400873231
Category : Business & Economics
Languages : en
Pages : 795
Get Book Here
Book Description
As most econometricians will readily agree, the data used in applied econometrics seldom provide accurate measurements for the pertinent theory's variables. Here, Bernt Stigum offers the first systematic and theoretically sound way of accounting for such inaccuracies. He and a distinguished group of contributors bridge econometrics and the philosophy of economics--two topics that seem worlds apart. They ask: How is a science of economics possible? The answer is elusive. Economic theory seems to be about abstract ideas or, it might be said, about toys in a toy community. How can a researcher with such tools learn anything about the social reality in which he or she lives? This book shows that an econometrician with the proper understanding of economic theory and the right kind of questions can gain knowledge about characteristic features of the social world. It addresses varied topics in both classical and Bayesian econometrics, offering ample evidence that its answer to the fundamental question is sound. The first book to comprehensively explore economic theory and econometrics simultaneously, Econometrics and the Philosophy of Economics represents an authoritative account of contemporary economic methodology. About a third of the chapters are authored or coauthored by Heather Anderson, Erik Biørn, Christophe Bontemps, Jeffrey A. Dubin, Harald E. Goldstein, Clive W.J. Granger, David F. Hendry, Herman Ruge-Jervell, Dale W. Jorgenson, Hans-Martin Krolzig, Nils Lid Hjort, Daniel L. McFadden, Grayham E. Mizon, Tore Schweder, Geir Storvik, and Herman K. van Dijk.
Author: P. C. B. Phillips
Publisher: Cambridge University Press
ISBN: 9780521807234
Category : Business & Economics
Languages : en
Pages : 390
Get Book Here
Book Description
The essays in this book explore important theoretical and applied advances in econometrics.
Author: Peter Kennedy
Publisher: John Wiley & Sons
ISBN: 1405182571
Category : Business & Economics
Languages : en
Pages : 608
Get Book Here
Book Description
Dieses etwas andere Lehrbuch bietet keine vorgefertigten Rezepte und Problemlösungen, sondern eine kritische Diskussion ökonometrischer Modelle und Methoden: voller überraschender Fragen, skeptisch, humorvoll und anwendungsorientiert. Sein Erfolg gibt ihm Recht.
Author: David E. A. Giles
Publisher: CRC Press
ISBN: 0824755839
Category : Mathematics
Languages : en
Pages : 500
Get Book Here
Book Description
Emphasizing the impact of computer software and computational technology on econometric theory and development, this text presents recent advances in the application of computerized tools to econometric techniques and practices—focusing on current innovations in Monte Carlo simulation, computer-aided testing, model selection, and Bayesian methodology for improved econometric analyses.
Author: D. S. Poskitt
Publisher:
ISBN: 9781601986948
Category : Business & Economics
Languages : en
Pages : 0
Get Book Here
Book Description
Inference in the Presence of Weak Instruments is concerned with inference in the linear simultaneous equations model. The ideas developed for this model have remained central to econometric practice, with the use of instrumental variables estimation having served as a unifying paradigm in econometrics for decades. The literature could be viewed as belonging to one of two strands, either large-sample asymptotic or finite-sample analysis. Of these two strands, the former matured more quickly and has had far greater impact on empirical practice than the latter. In contrast, the finite-sample literature took some twenty years longer to develop, by which time empirical practice was largely entrenched. The consensus view was that the asymptotic results are considerably simpler to interpret than the exact results that are obtained, and are notionally more general as they are predicated on weaker distributional assumptions. Towards the end of the 1980s, both strands of the literature focused attention on models that were either unidentified or close to unidentified. First, there was a growing understanding of the empirical consequences of using weak instruments. Second, the finite-sample results developed throughout the 1980s invariably involved multiple infinite series of invariant polynomials of matrix argument which were typically not very revealing. Consequently, simplifying special cases were explored to illustrate the results contained within the more general expressions. It was observed that the leading terms of these series expansions corresponded to totally unidentified models, and therefore the analyses of these models became a commonly used expository device in this literature. These totally unidentified models can be thought of as limiting cases of weak instruments. Finally, it was becoming clear that the existing large-sample asymptotic results were providing very poor approximations to the true sampling behavior of various statistical procedures. More recently, the literature has been devoted to analyzing potential remedies to the problem of weak instruments Inference in the Presence of Weak Instruments presents a selected survey that examines this growing literature into issues of estimation, hypothesis testing, and confidence interval construction. This survey indicates some of the links between the different traditions by using the small concentration results from an earlier publication of the authors. These results can be used to characterize various special cases when instruments are weak.
Author: John B. Taylor
Publisher: Elsevier
ISBN: 0444594787
Category : Business & Economics
Languages : en
Pages : 1376
Get Book Here
Book Description
Handbook of Macroeconomics surveys all major advances in macroeconomic scholarship since the publication of Volume 1 (1999), carefully distinguishing between empirical, theoretical, methodological, and policy issues. It courageously examines why existing models failed during the financial crisis, and also addresses well-deserved criticism head on. With contributions from the world's chief macroeconomists, its reevaluation of macroeconomic scholarship and speculation on its future constitute an investment worth making. - Serves a double role as a textbook for macroeconomics courses and as a gateway for students to the latest research - Acts as a one-of-a-kind resource as no major collections of macroeconomic essays have been published in the last decade
Author: Siddhartha Chib
Publisher: Emerald Group Publishing
ISBN: 1848553099
Category : Business & Economics
Languages : en
Pages : 656
Get Book Here
Book Description
Illustrates the scope and diversity of modern applications, reviews advances, and highlights many desirable aspects of inference and computations. This work presents an historical overview that describes key contributions to development and makes predictions for future directions.
Author: Aman Ullah
Publisher: OUP Oxford
ISBN: 0191525057
Category : Social Science
Languages : en
Pages : 240
Get Book Here
Book Description
This book provides a comprehensive and unified treatment of finite sample statistics and econometrics, a field that has evolved in the last five decades. Within this framework, this is the first book which discusses the basic analytical tools of finite sample econometrics, and explores their applications to models covered in a first year graduate course in econometrics, including repression functions, dynamic models, forecasting, simultaneous equations models, panel data models, and censored models. Both linear and nonlinear models, as well as models with normal and non-normal errors, are studied. Finite sample results are extremely useful for applied researchers doing proper econometric analysis with small or moderately large sample data. Finite sample econometrics also provides the results for very large (asymptotic) samples. This book provides simple and intuitive presentations of difficult concepts, unified and heuristic developments of methods, and applications to various econometric models. It provides a new perspective on teaching and research in econometrics, statistics, and other applied subjects.
Author:
Publisher: ScholarlyEditions
ISBN: 149010688X
Category : Business & Economics
Languages : en
Pages : 1229
Get Book Here
Book Description
Issues in General Economic Research and Application: 2013 Edition is a ScholarlyEditions™ book that delivers timely, authoritative, and comprehensive information about Theoretical Economics. The editors have built Issues in General Economic Research and Application: 2013 Edition on the vast information databases of ScholarlyNews.™ You can expect the information about Theoretical Economics in this book to be deeper than what you can access anywhere else, as well as consistently reliable, authoritative, informed, and relevant. The content of Issues in General Economic Research and Application: 2013 Edition has been produced by the world’s leading scientists, engineers, analysts, research institutions, and companies. All of the content is from peer-reviewed sources, and all of it is written, assembled, and edited by the editors at ScholarlyEditions™ and available exclusively from us. You now have a source you can cite with authority, confidence, and credibility. More information is available at http://www.ScholarlyEditions.com/.
