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The Identification Problem in Econometrics.
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A Function for Size Distribution of Incomes
The paper derives a function that describes the size distribution of incomes. The two functions most often used are the Pareto and the lognormal. The Pareto function fits the data fairly well towardsExpand
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Disequilibrium, self-selection, and switching models
The present paper outlines the similarities in the structure of self-selectivity models and disequilibrium models. Both these models fall under the category of switching models—with sample separationExpand
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Asymptotic Covariance Matrices of Two-Stage Probit and Two-Stage Tobit Methods for Simultaneous Equations Models with Selectivity
The paper discusses the two-stage estimation method for switching simultaneous equations models where the criterion function determining the switching is of the probit type and the tobit type. ItExpand
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ON THE EXACT SMALL SAMPLE DISTRIBUTION OF THE INSTRUMENTAL VARIABLE ESTIMATOR
The purpose of this note is to point out that the bimodality is a consequence of the special case considered by N-S. The exact finite sample distribution of the IV estimator has been derived in theExpand
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CHAPTER 2 A Function for Size Distribution of Incomes
The paper derives a function that describes the size distribution of incomes. The two functions most often used are the Pareto and the lognormal. The Pareto function fits the data fairly well towardsExpand
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Limited Dependent Variables Models
[1] Binary choice models (Review) (1) Probit Model • Model: y t * = x t • ′β + ε t , t = 1, ... , T, where y t * is a unobservable latent variable (e.g., level of utility); y t = 1 if y t * > 0; = 0Expand
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21 A perspective on application of bootstrap methods in econometrics
Publisher Summary This chapter presents a review of the several applications of bootstrap in econometrics. Almost every type of model used in econometric work has been bootstrapped: regression modelsExpand
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Cross-country growth regressions: problems of heterogeneity, stability and interpretation
The paper discusses the issues of heterogeneity and stability of cross-country growth regressions that have been used to study the problem of convergence. Almost all studies use pooled regressions.Expand
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