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Semiparametric Estimation of Correlated Random Coefficient Models without Instrumental Variables

Samuele Centorrino, Aman Ullah, Jing Xue

arXiv 15 Nov 2019 · Econometrics

arXiv:1911.06857 · PDF · DOI · OpenAlex · Extracted main text

Abstract

We study a linear random coefficient model where slope parameters may be correlated with some continuous covariates. Such a model specification may occur in empirical research, for instance, when quantifying the effect of a continuous treatment observed at two time periods. We show one can carry identification and estimation without instruments. We propose a semiparametric estimator of average partial effects and of average treatment effects on the treated. We showcase the small sample properties of our estimator in an extensive simulation study. Among other things, we reveal that it compares favorably with a control function estimator. We conclude with an application to the effect of malaria eradication on economic development in Colombia.

Citation extraction

30
references
75
in-text mentions
30
distinct cited
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self-citations
10,471
main-text words

appendix boundary found by appendix_titled_section at “Appendix” · 73% of the source is main text. Read the extracted text to check this.

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
1Lee, Y. K., Mammen, E., and Park, B. U (2012) Flexible generalized varying coefficient regression models0.92843100%
2Ahmad, I., Leelahanon, S., and Li, Q (2005) Efficient estimation of a semiparametric partially linear varying coefficient model0.8947371%
3Bleakley, H (2010) Malaria Eradication in the Americas: A Retrospective Analysis of Childhood Exposure0.87482100%
4Newey, W. K (1997) Convergence rates and asymptotic normality for series estimators0.8435360%
5Heckman, J. and Vytlacil, E (1998) Instrumental Variables Methods for the Correlated Random Coefficient Model: Estimating the Average Rate of Return to Schooling W…0.84333100%
6Fan, J. and Huang, T (2005) Profile likelihood inferences on semiparametric varying-coefficient partially linear models0.81142100%
7Belloni, A., Chernozhukov, V., Chetverikov, D., and Kato, K (2015) Some New Asymptotic Theory for Least Squares Series: Pointwise and Uniform Results0.73710260%
8Chen, X (2007) Large Sample Sieve Estimation of Semi-Nonparametric Models0.64422100%
9Fan, J. and Zhang, W (1999) Statistical Estimation in Varying Coefficient Models0.64422100%
10Hastie, T. and Tibshirani, R (1993) Varying-Coefficient Models0.64422100%

Showing the top 10 of 30 scored citations.