Sentence examples for reduced form equation from inspiring English sources

Instead, they may be viewed as a reduced form equation summarizing the relationship between income and various personal and locational characteristics.

The reduced form equation to test the hypothesis of Eq. (9) is: {uptheta}_{mathrm{ij}} = upalpha +{uplambda mathrm{M}}_{ij}+{mathrm{X}}_{ij}^{hboxupbeta + {upvarepsilon}_{mathrm{ij}} (a).

Hence, we re-parameterize the relationship between household food security FS and its determinants using a reduced form equation in which food and non-food prices are excluded.

The Heckman (1981) approach suggests enriching the likelihood function with the reduced form equation for the initial observation and then maximize using the full set of sample observations, allowing for cross-correlation.6.

Our autoregressive distributed lag (ARDL) specification is a dynamic variation of the basic OLS model originally applied to the USA by Valletta (2005), who estimates a reduced form equation using a similar method to Borsch-Supan (1991).

In other words, we assume that this set of variables help explain the reduced form equation for experience and the selection equations for the choice of the sector, but not the sector-specific hourly wages of the two spouses.

In the first step, we estimate reduced form equations for experience of each spouse.

ω ̂ are residuals from reduced form equations for experience of each spouse.

In other words, the assumption is made that the shocks from the reduced form equations simulate the structural shocks of the VAR system.

Instead, we tested the combined effect of the instrumental variables on the endogenous variable in the reduced form equations through chi-square tests.

In addition, this setup can be easily extended to account for endogeneity problems by incorporating in (6) residual terms from reduced form equations for the endogenous variables (see, for example, Das et al. 2003).