Sumários

25 Outubro 2024, 18:00 • Joaquim Ramalho

4. Static and Dynamic Panel Data Models

4.1. Panel Data

4.2. Alternative Estimators

4.3. Inference and Model Evaluation

11 Outubro 2024, 19:30 • Joaquim Ramalho

Illustration 4 (questions 3.3-5)

11 Outubro 2024, 18:00 • Joaquim Ramalho

3. Econometric Models with Endogenous Explanatory Variables

3.1. Endogeneity

3.1.1. Definition and Consequences

3.1.2. Motivation: Omitted Variables, Measurement Errors, Simultaneous Equations

3.1.3. Solutions: Instrumental Variables, Panel Data

3.2. Instrumental Variable Estimation

3.2.1. Two-stage Least Squares (2SLS)

3.2.2. Generalized Method of Moments (GMM)

3.3. Specification Tests

3.3.1. Test for the Exogeneity of an Explanatory Variable

3.3.2. Test for the Exogeneity of the Instrumental Variables

3.3.3. Tests for Correlation between Instrumental Variables and Explanatory Variables

Illustration 4 (questions 1-3.2)

4 Outubro 2024, 19:30 • Joaquim Ramalho

Illustration 2

4 Outubro 2024, 18:00 • Joaquim Ramalho

2.5. Model Evaluation

Illustration 1 (question 6)