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)