Sumários

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20 Outubro 2021, 19:00 Rita Sousa


Illustration 2: Estimating the Returns to Schooling (Question 5-6)

1.2. The Linear Regression Model with Panel Data

1.2.1. Static Models

Definitions

Models

Fixed Effects versus Random Effects

Estimators for the Random Effects Model

Estimators for the Fixed Effects Model

Cluster-Robust Inference

Hausman Test

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20 Outubro 2021, 17:30 Rita Sousa


1.1.2. Endogenous Explanatory Variables (cont.)

Instrumental Variables

Two-Stage Least Squares

Generalized Method of Moments (GMM)

Tests for the Exogeneity of an Explanatory Variable

Tests for the Exogeneity of the Instrumental Variables

Tests for Correlation between Instrumental Variables and Explanatory Variables

Illustration 2: Estimating the Returns to Schooling (Question 4)

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13 Outubro 2021, 19:00 Rita Sousa


1.1.1. Exogenous Explanatory Variables (cont.)

Illustration 1: Determinants of Firm Debt (Question 8)

1.1.2. Endogenous Explanatory Variables

Definition and Consequences

Motivation: Omitted variables, Measurement Errors, Simultaneous Equations

Illustration 2: Estimating the Returns to Schooling (Questions 1-3)

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13 Outubro 2021, 17:30 Rita Sousa


1.1. The Linear Regression Model with Cross-Sectional Data

1.1.1. Exogenous Explanatory Variables (cont.)

Inference (cont.)

Model evaluation

Illustration 1: Determinants of Firm Debt (Question 7)

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6 Outubro 2021, 19:00 Rita Sousa


Illustration 1: Determinants of Firm Debt (Questions 1-6)