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There may be correlation between the sector and size dummies: manufacturing and agribusiness firms tend to be larger, and thus have lower bribe rates than those in the service
The correlation analysis of 70 developing countries finds that the degree of crisis is sensitive to change in certain economic governance elements, while the frequency of crises is
A rare econometrics article that discusses some of the multivariate issues is that of Bandi and Russell (2005), whereas the case of no noise was dealt with by Barndorff-Nielsen
The work of Andersen, Bollerslev, and Meddahi (2004) was based on analytical formulas for the autocovari- ance functions of the realized variance under nonmicrostruc- ture noise
A more recent method to control for clustered errors is to estimate the regression model with limited or no control for within- cluster error correlation, and then, post-
The direction of spurious correlation between soil thickness and sanitation and health is ambiguous because thick soil both discourages clean water adoption directly, but also
A natural concern is that the observed relationship between earnings and migra- tion experience re fl ects the self- selection of high- ability or high- skill individuals into
This lends weak support for Becker’s pre- diction of negative assortative mating on spouses’ wages and for Becker’s conjecture that positive partial correlation based on
