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Inference for High-Dimensional Sparse Econometric Models

Alexandre Belloni, Victor Chernozhukov, Christian Hansen

arXiv 31 Dec 2011 · Statistics — Methodology · 75 citations (OpenAlex)

arXiv:1201.0220 · PDF · DOI · OpenAlex · Extracted main text

Abstract

This article is about estimation and inference methods for high dimensional sparse (HDS) regression models in econometrics. High dimensional sparse models arise in situations where many regressors (or series terms) are available and the regression function is well-approximated by a parsimonious, yet unknown set of regressors. The latter condition makes it possible to estimate the entire regression function effectively by searching for approximately the right set of regressors. We discuss methods for identifying this set of regressors and estimating their coefficients based on $\ell_1$-penalization and describe key theoretical results. In order to capture realistic practical situations, we expressly allow for imperfect selection of regressors and study the impact of this imperfect selection on estimation and inference results. We focus the main part of the article on the use of HDS models and methods in the instrumental variables model and the partially linear model. We present a set of novel inference results for these models and illustrate their use with applications to returns to schooling and growth regression.

Citation extraction

54
references
101
in-text mentions
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distinct cited
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Most heavily cited references

The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.

ReferenceIntensityMentionsSectionsMain text
1Belloni and Chernozhukov (2011) Least Squares After Model Selection in High-dimensional Sparse Models0.9285380%
2Belloni and Chernozhukov (2011) $_1$-Penalized Quantile Regression for High Dimensional Sparse Models0.87462100%
3van de Geer (2008) High-dimensional generalized linear models and the lasso0.87452100%
4Gautier and Tsybakov (2011) High-dimensional Instrumental Variables Rergession and Confidence Sets0.84333100%
5Belloni, Chen, Chernozhukov, and Hansen (2010) Sparse Models and Methods for Optimal Instruments with an Application to Eminent Domain0.81142100%
6Hansen, Hausman, and Newey (2008) Estimation with Many Instrumental Variables0.81142100%
7Newey (1997) Convergence Rates and Asymptotic Normality for Series Estimators0.81142100%
8Bickel, Ritov, and Tsybakov (2009) Simultaneous analysis of Lasso and Dantzig selector0.73732100%
9Angrist and Krueger (1991) Does Compulsory School Attendance Affect Schooling and Earnings?0.69351100%
10Barro and Sala-i-Martin (1995) Economic Growth0.69351100%

Showing the top 10 of 54 scored citations.

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1Program Evaluation and Causal Inference with High-Dimensional Data1.00053
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4Double/Debiased Machine Learning for Treatment and Structural Parameters0.64422
5Inference in High Dimensional Panel Models with an Application to Gun Control0.40511
6High-Dimensional $L_2$-Boosting: Rate of Convergence0.40511
7High-Dimensional Metrics in R0.40511
8High-Dimensional Econometrics and Regularized GMM0.40511
9Lasso under multi-way clustering: Estimation and Post-selection Inference0.40511
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