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Essays in Applied Microeconomics and Applied Econometrics

Essays in Applied Microeconomics and Applied Econometrics
Author: Siva Anand Anantham
Publisher:
Total Pages: 272
Release: 2008
Genre:
ISBN:

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In the third chapter of this study, we assess the various adjustments and corrections that have been made to the available data on economic inequality for the sake of consistency and definition. We argue that it is ill-advised to use the adjusted data as a dependent variable, providing an econometrically robust alternative, and to use the available data on economic inequality, adjusted or unadjusted, as an independent variable in regression analysis. Finally, we examine the implications of missing data and evaluate econometric methods to solve this problem.


Essays in Applied Microeconomics and Econometrics

Essays in Applied Microeconomics and Econometrics
Author: Kevin Thomas Schnepel
Publisher:
Total Pages: 168
Release: 2013
Genre:
ISBN: 9781303540554

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To do so, we determine the sample specific measure of cluster heterogeneity that governs this behavior and show that the measure depends on how three quantities vary over clusters: cluster size, the cluster specific error covariance matrix and the actual value of the covariates. Because, in the absence of a fixed design, the third quantity will always vary over clusters, the vast majority of empirical analyses have test statistics whose finite sample behavior is impacted by cluster heterogeneity. To capture this impact, we develop the effective number of clusters, which scales down the actual number of clusters by the measure of cluster heterogeneity. Through simulation we demonstrate this effect and find rejection rates as high as 30 percent for a nominal size of 5 percent.


Essays in Applied Microeconomics and Econometrics

Essays in Applied Microeconomics and Econometrics
Author: Christopher Jack Erb
Publisher:
Total Pages: 248
Release: 2009
Genre:
ISBN: 9781109482997

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In the final chapter, we switch gears and examine the finite-sample performance of test statistics in linear regression models with an unknown dependence structure. The simulation results of this paper suggest that when sample sizes are small, modeling the heterogeneity of a process is secondary to accounting for dependence. We find that a conditionally homoskedastic covariance matrix estimator -- used in conjunction with Rothenberg's (1988) critical value adjustment -- improves test size with only a minimal loss in test power, even when the data manifest significant amounts of heteroskedasticity.


Applied Economics in the Digital Era

Applied Economics in the Digital Era
Author: James Alleman
Publisher: Springer Nature
Total Pages: 341
Release: 2020-05-16
Genre: Science
ISBN: 3030406016

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Gary Madden was a renaissance man with respect to the nexus between information and communications technology (ICT) and economics. He contributed to a variety of fields in ICT: applied econometrics, forecasting, internet governance and policy. This series of essays, two of which were co-authored by Professor Madden prior to his untimely death, cover the range of his research interests. While the essays focus on a number of ICT issues, they are on the frontier of research in the sector. Gerard Faulhaber provides a broad overview of how we have reached the digital age and its implications. The applied econometric section brings the latest research in the area, for example Lester Taylor illustrates how own-price, cross-price and income elasticities can be calculated from survey data and translated into real income effects. The forecasting section ranges from forecasting online political participation to broadband’s impact on economic growth. The final section covers aspects of governance and regulation of the ICT sector.


Essays In Applied Microeconomics

Essays In Applied Microeconomics
Author: Jay Kody Walker
Publisher:
Total Pages:
Release: 2012
Genre:
ISBN:

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My dissertation consists of three essays, each of which implements different data specification schemes to econometrically analyze specific topics in the realm of applied microeconomics and microeconometrics. Three separate questions are asked, and economic data is employed to empirically test the validity of alternative answers. These essays are encapsulated in ranging economic fields, but unified in that microeconomic principles and data analysis methods are employed. The initial essay, which is co-authored with Andrew Hussey and Alex Nikolsko-Rzhevskyy, titled "HIV and Recent Trends in Abortion Rates" tests an empirical link between the introduction of HIV/AIDS into the overall population and its possible impact on unwanted pregnancies as realized in lower abortions rates is in the realm of public and health economics. The second essay titled "Greeks Just Want to Have Fun or Do They? Fraternal Membership and College Outcomes" asks whether or not a student's decision to join a Greek organization during their undergraduate college tenure has significant impacts on collegiate outcomes, which delves into the economics of education, peer effects, and public economics. The third essay titled "A Structural Model of the U.S. Orange Juice Market: Alternative Evaluation Methods for Dumping Charges" takes a particular instance where a domestic industry has claimed that foreign producers have dumped products into the United States domestic market and econometrically tests the validity of those claims. This paper's topic is in the realm of international trade, public choice, and public economics.