07350015%2E2012%2E698142
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Census data from 2000 to estimate the effects of fertility on family income using twin birth as an instru- ment for the second child.. We find that the presence of a second
Besides endogenous, contextual, and correlated effects as in single-equation network models, the simultaneous equations network model also incor- porates the simultaneity effect ,
We see in Table 4 that, using the asymptotic critical values given in Table 1 , GKSn and GCVMn have large size distortions in most cases, confirming asymptotic theory, whereas GKS ∗
The line labeled test for bias before break point shows the p -values for tests using subsamples that begin in 1971 and end at the date shown on the horizontal axis.. The line
Applying our approach to S&P500 index daily returns and option data, we show that one- and two- factor SVS models provide a better fit for both the historical and the
We use both large- T asymptotic analysis and exact finite sample results to propose a procedure to reduce the bias of k -class estimators that works particularly well when the
The exploratory results of the numerical study reveal that the REs of both variables are affected by random effects correlation, sampling error correlation, and the ratio of the
