Estimation and Inference in Econometrics.

Davidson, James; Davidson, Russell; MacKinnon, James G.

doi:10.2307/2554780

Cited by 1,166 publications

(1,416 citation statements)

References 1 publication

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“…[ Table 6] Table 6 presents the results of 3SLS estimation, in which two endogenous variables (resource dependence and institutional quality) are simultaneously instrumented (Davidson and Mackinnon, 1993). The estimation results are similar to the OLS and 2SLS estimates.…”

Section: Cross-section Analysismentioning

confidence: 72%

Resource Abundance and Resource Dependence in China

Magnus

Wang

2010

SSRN Journal

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This paper reconsiders the 'curse of resources' hypothesis for the case of China, and distinguishes between resource abundance, resource rents, and resource dependence. Resource abundance and resource rents are shown to be approximately equivalent, and their association with resource dependence varies with institutional quality. Resource abundance/rents has a positive impact on economic growth, while resource dependence has a negative impact. The impact of the 'West China Development Drive' policy, started in 2000, is substantial, and this is investigated through a comparative analysis based on cross-section samples, and through a panel-data timevarying coefficient approach for West and East provinces. Resource effects do change after the policy shock.JEL Classification: O11, O13, O53, C21, Q0, Q33.

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Section: Cross-section Analysismentioning

confidence: 72%

Resource Abundance and Resource Dependence in China

Magnus

Wang

2010

SSRN Journal

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“…First, we calculate the Hausman t-test (Hausman, 1978;Davidson and MacKinnon, 1993) to check whether wages are adequately modelled by the OLS method. Thus we introduce the residuals from the firststage regression (using probit) as an explanatory variable in the OLS estimation of the wage equation and look at its t-statistic.…”

Section: Resultsmentioning

confidence: 99%

The internal relocation premium: are migrants positively or negatively selected? Evidence from Italy

Cutillo

Ceccarelli

2012

Journal of Applied Statistics

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Abstract• : This paper analyzes the wage returns from internal migration for recent graduates inItaly. We employ a switching regression model that accounts for the endogeneity of the individual's choice to relocate to get a job after graduation: the omission of this selection decision can lead to biased estimates, as there is potential correlation between earnings and unobserved traits exerting an influence on the decision to migrate. The empirical results sustain the appropriateness of the estimation technique and show that there is a significant pay gap between migrants and nonmigrants; migrants seem to be positively selected and the migration premium is downward biased through OLS estimates. The endogeneity of migration shows up both as a negative intercept effect and as a positive slope effect, the second being larger then the first: bad knowledge of the local labor market and financial constraints lead migrants to accept a low basic wage but, due to relevant returns to their characteristics, they finally obtain an higher wage then the others.

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“…This study also assumes that the issue of ambiguous relationship may be minimized through the use of instrumental variables regression. The Hausman (1978) test statistics proposed by Davidson and MacKinnon (1993) for endogeneity were applied.…”

Section: Methodsmentioning

confidence: 99%

Parity and Non-Parity Determinants of Exchange Rates in Latin American Economies

Ho¹,

Ariff²

2014

Taylor's Bus Rev

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This paper reports how non-parity fundamental factors together with parity factors are correlated with exchange rate movements. Seven Latin American countries were included in this study using a selection criterion that for a pair of countries to be included, the pair must have more than 50 per cent of trade with the group chosen. The econometric methods applied are appropriate to this topic and include pooled time series regression and seemingly unrelated regression. The findings show that there is support for short and long-run effects on exchange rates from inflation and interest rates. We entered non-parity factors suggested in recent research reports as likely determinants of the exchange rates, and found four non-parity factors that are significantly correlated with exchange rates and these served as control variables in our test model. Our main result shows that both inflation and interest rates are jointly significant factors in most of the tests. The results appear to suggest that exchange rate research should include both nonparity and parity factors. Only then would the parity factor effects be identifiable as relevant to exchange rate formation.

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Estimation and Inference in Econometrics.

Cited by 1,166 publications

References 1 publication

Resource Abundance and Resource Dependence in China

Resource Abundance and Resource Dependence in China

The internal relocation premium: are migrants positively or negatively selected? Evidence from Italy

Parity and Non-Parity Determinants of Exchange Rates in Latin American Economies

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