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Robust Analysis of Short Panels

Andrew Chesher, Adam M. Rosen, Yuanqi Zhang

arXiv 12 Jan 2024 · Econometrics

arXiv:2401.06611 · PDF · DOI · OpenAlex · Extracted main text

Abstract

Many structural econometric models include latent variables on whose probability distributions one may wish to place minimal restrictions. Leading examples in panel data models are individual-specific variables sometimes treated as "fixed effects" and, in dynamic models, initial conditions. This paper presents a generally applicable method for characterizing sharp identified sets when models place no restrictions on the probability distribution of certain latent variables and no restrictions on their covariation with other variables. In our analysis latent variables on which restrictions are undesirable are removed, leading to econometric analysis robust to misspecification of restrictions on their distributions which are commonplace in the applied panel data literature. Endogenous explanatory variables are easily accommodated. Examples of application to some static and dynamic binary, ordered and multiple discrete choice and censored panel data models are presented.

Citation extraction

48
references
64
in-text mentions
48
distinct cited
1
self-citations
11,131
main-text words

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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
1Aristodemou (2021) Semiparametric identification in panel data discrete response models0.9507486%
2Chesher and Rosen (2017) Generalized instrumental variable models0.7373367%
3Honoré, Muris, and Weidner (2023) Dynamic ordered panel logit models0.73732100%
4Chamberlain (2010) Binary response models for panel data: Identification and information0.64422100%
5Honoré and De Paula (2021) Identification in simple binary outcome panel data models0.64422100%
6Chernozhukov, Fernandez-Val, Hahn, and Newey (2013) Average and Quantile Effects in Nonseparable Panel Models0.51121100%
7Chesher, Rosen, and Smolinski (2013) An Instrumental Variable Model of Multiple Discrete Choice0.51121100%
8Neyman and Scott (1948) Consistent Estimates Based on Partially Consistent Observations0.51121100%
9Honoré and Weidner (2022) Moment conditions for dynamic panel logit models with fixed effects0.51121100%
10Beresteanu, Molchanov, and Molinari (2011) Sharp Identification Regions in Models with Convex Moment Predictions0.40511100%

Showing the top 10 of 48 scored citations.

Cited by, within the corpus

arXiv econ.EM papers that cite this one, ranked by how heavily they lean on it.

Citing paperIntensityMentionsSections
1Universal Inference for Incomplete Discrete Choice Models0.73732
2Moment Restrictions for Nonlinear Panel Data Models with Feedback0.40511
3Back to Feedback Dynamics and Heterogeneity in Panel Data0.40511