Kaizhao Guo

3 Questions 18 Answers 0 Followers

Questions related from Kaizhao Guo

What are the differences between optimal GMM estimator and 3SLS estimator?

When we estimate system equations by instrumental variables, we need to use GMM under the case of over identification (the rank of IV is larger than the rank of endogenous variables). Suppose the...

30 May 2024 9,789 0 View

Why capital-labour ratio must be equal across industries under general equilibrium?

I try to build a theoretical model to support my empirical analysis. I have 3 industries (let's say, agriculture, manufacture, service). The objective function for each industry is a CES function...

01 October 2020 392 5 View

How to tackle endogenous problems with "truncated" data structure?

When I want to estimate educational return, I run a regression like: ln(wage)=beta1+beta2*education+other control variables+u In order to tackle the endogenous problems induced by potential...

22 June 2020 2,462 1 View