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Tests of Hypotheses Arising in the Correlated Random Coefficient Model / James J. Heckman, Daniel A. Schmierer.
- Format:
- Book
- Author/Creator:
- Heckman, James J.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w16421.
- NBER working paper series no. w16421
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2010.
- Summary:
- This paper examines the correlated random coefficient model. It extends the analysis of Swamy (1971, 1974), who pioneered the uncorrelated random coefficient model in economics. We develop the properties of the correlated random coefficient model and derive a new representation of the variance of the instrumental variable estimator for that model. We develop tests of the validity of the correlated random coefficient model against the null hypothesis of the uncorrelated random coefficient model.
- Notes:
- Print version record
- September 2010.
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