Exact(3)
Put simply, the raw industry effect, κ∗∗, equals the true industry effect κ plus a bias that is exactly the aliasing bias from excluding person and firm effects from the original regression.
For both countries, then, the precision of estimation of the components of the raw industry wage differential is comparable to the precision of the estimates of the industry‐level national income account data used to compute the revenue and fixed assets estimates used in the equation.
The column labeled "Raw Industry Wage Differential" is the estimated value of κ∗∗, controlling for all of the characteristics in X as well as the observable non‐time‐varying characteristics that are (implicitly) controlled by D, using the same specifications as in AKM but our newer estimation method.
Similar(57)
"I believe that's why we can't break away from reliance on exporting our raw materials – new industries will only go to where there's power".
Mr. Kloppers first became interested in the raw material industry while working for the consulting firm McKinsey in the Netherlands.
He also plans to expand the Web site's coverage of raw entertainment industry data, a franchise on which Inside.com is also placing an emphasis.
Nevertheless, those in Connecticut's raw-milk industry say they see a rise in its popularity.
Where corruption existed, it tended to be confined to raw-materials industries.
Except in the electricity and raw-material industries, individual productivity is one quarter of that in the United States.
In addition to imported raw materials, Estonian industry uses local resources, such as those that provide the base materials for the construction industry, including cement, mural blocks, and panels made from either shale ash or reinforced concrete.
Deprived of raw materials, local industry has been severely damaged, and the Gaza economy has collapsed.
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