Local Linear GMM Estimation of Functional Coefficient IV Models with Application to the Estimation of Rate of Return to Schooling

Local Linear GMM Estimation of Functional Coefficient IV Models with Application to the Estimation of Rate of Return to Schooling

We consider the local linear GMM estimation of functional coe cient models with a mix of discrete and continuous data and in the presence of endogenous regressors. We establish the asymptotic normality of the estimator and derive the optimal instrumental variable that minimizes the asymptotic varian...

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Bibliographic Details
Main Authors: SU, Liangjun, MURTAZASHVILI, Irina, ULLAH, Aman
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2013
Subjects:
Discrete variables
Endogeneity
Heterogeneity
Functional coefficient
Local linear GMM estimation
Optimal instrumental variable
Schooling
Econometrics
Economics
Education
Online Access:https://ink.library.smu.edu.sg/soe_research/1435
https://ink.library.smu.edu.sg/context/soe_research/article/2434/viewcontent/Schooling20121117.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soe_research/1435
https://ink.library.smu.edu.sg/context/soe_research/article/2434/viewcontent/Schooling20121117.pdf

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