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Displaying results 1 to 4 of 4.

  1. OLS-Estimation of conditional and unconditional sigma- and beta-convergence of per capita income
    Implications of Solow-Swan and Ramsey-Cass models
    Author: Maurer, Rainer
    Published: 2011
    Publisher:  ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft, Kiel

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  2. Multicollinearity in the presence of errors-in-variables
    can increase the probability of Type-I error
    Author: Komlos, John
    Published: [2019]
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    Multicollinearity, especially in combination with errors-in-variables, can increase the likelihood of a Type-I error by inflating the value of the estimated coefficients by more than it magnifies their standard errors, thereby increasing the... more

    Location:
    Staats- und Universitätsbibliothek Bremen
    Inter-library loan:
    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 63
    Inter-library loan:
    No inter-library loan

     

    Multicollinearity, especially in combination with errors-in-variables, can increase the likelihood of a Type-I error by inflating the value of the estimated coefficients by more than it magnifies their standard errors, thereby increasing the likelihood of obtaining statistically significant results. This anomalous result may be due to an interaction effect between errors-in-variables and multicollinearity.

     
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    Content information
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/198819
    Series: Array ; no. 7459 (January 2019)
    Subjects: multicollinearity; Type I error; errors-in-variables
    Scope: 1 Online-Ressource (circa 16 Seiten)
  3. Do bank loans and local amenities explain Chinese urban house prices?
    Author: Huang, Daisy J.; Leung, Ka Yui; Qu, Baozhi
    Published: 2015
    Publisher:  Inst. of Social and Economic Research, Osaka

    Based on Chinese city-level data from 1999 to 2012 and controlling for geological, environmental, and social diversity, this study suggests that credit plays a significant role in driving up house prices after the Great Recession, whereas property... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 198 (928)
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    Based on Chinese city-level data from 1999 to 2012 and controlling for geological, environmental, and social diversity, this study suggests that credit plays a significant role in driving up house prices after the Great Recession, whereas property prices only influence bank lending before 2008. Local amenities such as higher education, green infrastructure, healthcare, and climate also positively affect house prices. Moreover, the impacts of bank loans on housing prices tend to be related to the level of amenities, suggesting an integrated approach (i.e. combining macroeconomic and urban economic variables) of housing market for the future research.

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/127062
    Edition: This version: February, 2015
    Series: Discussion paper / Institute of Social and Economic Research ; 928
    Subjects: endogenous income and endogenous amenities; bank loans and monetary policy; multicollinearity; clustered standard errors
    Scope: Online-Ressource (69 S.), graph. Darst.
  4. Resurgence of instrument variable estimation and fallacy of endogeneity
    Author: Qin, Duo
    Published: 2014
    Publisher:  Kiel Inst. for the World Economy, Kiel

    This paper investigates the nature of the IV method for tackling endogeneity. By tracing the rise and fall of the method in macroeconometrics and its subsequent revival in microeconometrics, it pins the method down to an implicit model... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 112 (2014,42)
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    No inter-library loan

     

    This paper investigates the nature of the IV method for tackling endogeneity. By tracing the rise and fall of the method in macroeconometrics and its subsequent revival in microeconometrics, it pins the method down to an implicit model respecification device - breaking the circular causality of simultaneous relations by redefining it as an asymmetric one conditioning on a non-optimal conditional expectation of the assumed endogenous explanatory variable, thus rejecting that variable as a valid conditional variable. The revealed nature explains why the IV route is popular for models where endogeneity is superfluous whereas measurement errors are of the key concern.

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/103207
    Series: Economics / Discussion papers ; 2014-42
    Subjects: Endogeneity; instrumental variables; simultaneity; omitted variable bias; multicollinearity
    Scope: Online-Ressource ([1], 35 S.), graph. Darst.