econometrics

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Latest blogosphere posts tagged “econometrics”

 

• Experience may not improve judgement

  
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  We’ve all met hardened cynics in our professional lives. Those people who think the worst of those they meet at every turn because they’ve been burned so many times. They give nobody the benefit of the doubt and look down on new staff for their hopelessly naivety and gullibility. The question posed by a group of ...
  1 week ago

• Housing fuelled consumption boom?

  
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  In the EJ : There is strong evidence that house prices and consumption are synchronised. There is, however, disagreement over the causes of this link. This study examines if there is a wealth effect of house prices on consumption. Using a household-level panel data set with information about house ownership, income, ...
  1 week ago

• Is my distribution normal?

  
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  How can you tell if you have a normal distribution?  For instance, assume you have data on the results of a drug relative to a placebo.  You know the mean and standard deviation of the data, but that does not necessarily imply that the data is distributed in a normal fashion. How can you do this test?  What if you ...
  1 week ago

• What are we weighting for?

  
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  Weighting has a number of uses.  For instance, one can use weighting to estimate population sample statistics.  The Panel Study of Income Dynamics ( PSID ) for instance oversamples households with low income.  To get nationally mean values, one must reweight the PSID values, either using survey weights or matching ...
  2 weeks ago

• How Missing Data affects Physicians’ P4P Bonuses

  
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  Pay-for-performance programs often offer bonuses (or penalties) for physicians, hospitals and other providers based on the quality of care patients receive.  Measuring quality of care, however, is often difficult.  For chronic conditions, for instance, many patients eligible for outcome measures may be lost to ...
  2 weeks ago

• The 2009-2014 Outlook for Wood Toilet Seats in Greater China

  
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  This econometric study covers the latent demand outlook for wood toilet seats across the regions of Greater China, including provinces, autonomous regions (Guangxi, Nei Mongol, Ningxia, Xinjiang, Xizang – Tibet), municipalities (Beijing, Chongqing, Shanghai, and Tianjin), special administrative regions (Hong Kong ...
  2 weeks ago

• Betsey Stevenson and Justin Wolfers have no opinion on the Reinhart & Rogoff debate and think you shouldn’t either

  
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  This seems to be the week for passive-aggressive yet self-congratulatory columns: David Brooks has one (with  nice replies by Jonathan Chait and Ta-Nehisi Coates ), and Stevenson and Wolfers have two , ostensibly about the debate surrounding Reinhart and Rogoff’s empirical results on economic growth and ...
  2 weeks ago

• Reichenbach’s Common Cause Principle

  
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  How can you tell whether one event causes another?  For instance, assume that you observe that when one event happens, another event is more likely to happen.  For instance, when it rains the ground gets wet.  Generally, rain will cause the ground to get wet.  Use of umbrellas is also highly correlated with the ...
  3 weeks ago

• Identification in Macro

  
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  A student made the following comment about  the conclusion of my Reinhart and Rogoff post : “Looking at the data in order to determine your identification strategy seems pretty suspicious to me.” So I have a few thoughts on this. First, I’m sympathetic to the general idea; choosing a model after you’ve seen ...
  3 weeks ago

• Toilets

  
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  Effects of Rural Sanitation on Infant Mortality and Human Capital: Evidence from Indias Total Sanitation Campaign Dean Spears Abstract: Open defecation without a toilet or latrine is among the leading global threats to health, especially in India. Although it is well-known that modern sewage infrastructure improves ...
  3 weeks ago

• Some thoughts on the Reinhart and Rogoff debate

  
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  I’ve linked to some of the debate over Reinhart and Rogoff’s suddenly suspect results on debt and economic growth ( other links here ) but haven’t said much other than that and was happy to leave it that way. But… I’m teaching a PhD time series class this semester and we just spent about a week on ...
  3 weeks ago

• We are Essentially Rewriting Economic History

  
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  There will be a big revision of macroeconomic data in July: Data shift to lift US economy by 3%, by Robin Harding, FT : The US economy will officially become 3 per cent bigger in July as part of a shake-up that will for the first time see government statistics take into account 21st century components such as ...
  4 weeks ago

• We are Essentially Rewriting Economic History

  
  — Authority:
  There will be a big revision of macroeconomic data in July: Data shift to lift US economy by 3%, by Robin Harding, FT : The US economy will officially become 3 per cent bigger in July as part of a shake-up that will for the first time see government statistics take into account 21st century components such as ...
  4 weeks ago

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