Review of Economics and Statistics
0034-6535
1530-9142
Mỹ
Cơ quản chủ quản: MIT Press Journals , MIT PRESS
Lĩnh vực:
Social Sciences (miscellaneous)Economics and Econometrics
Các bài báo tiêu biểu
The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets
Tập 47 Số 1 - Trang 13 - 1965
The Log of Gravity Abstract
Although economists have long been aware of Jensen's inequality, many econometric applications have neglected an important implication of it: under heteroskedasticity, the parameters of log-linearized models estimated by OLS lead to biased estimates of the true elasticities. We explain why this problem arises and propose an appropriate estimator. Our criticism of conventional practices and the proposed solution extend to a broad range of applications where log-linearized equations are estimated. We develop the argument using one particular illustration, the gravity equation for trade. We find significant differences between estimates obtained with the proposed estimator and those obtained with the traditional method.
Tập 88 Số 4 - Trang 641-658 - 2006
Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case
Tập 51 Số 3 - Trang 247 - 1969
Propensity Score-Matching Methods for Nonexperimental Causal Studies
Tập 84 Số 1 - Trang 151-161 - 2002
Consistent Covariance Matrix Estimation with Spatially Dependent Panel Data
Tập 80 Số 4 - Trang 549-560 - 1998
Nonparametric Estimation of Average Treatment Effects Under Exogeneity: A Review
Tập 86 Số 1 - Trang 4-29 - 2004
An Illustration of a Pitfall in Estimating the Effects of Aggregate Variables on Micro Units
Tập 72 Số 2 - Trang 334 - 1990