Review of Economics and Statistics
SCOPUS (1978-2023)SSCI-ISI
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
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The Log of GravityAbstract
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.
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Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case
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Propensity Score-Matching Methods for Nonexperimental Causal Studies
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Consistent Covariance Matrix Estimation with Spatially Dependent Panel Data
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Nonparametric Estimation of Average Treatment Effects Under Exogeneity: A Review
Tập 86 Số 1 - Trang 4-29 - 2004
Measuring Business Cycles: Approximate Band-Pass Filters for Economic Time Series
Tập 81 Số 4 - Trang 575-593 - 1999
An Illustration of a Pitfall in Estimating the Effects of Aggregate Variables on Micro Units
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