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HOW DIFFERENTLY DO THE AGRICULTURAL AND INDUSTRIAL SECTORS RESPOND TO EXCHANGE RATE FLUCTUATION? AgEcon
Kim, MinKyoung; Koo, Won W..
This study divides the U.S. economy into the agricultural and industrial sectors and compares the degree of involvement of exchange rates in each sector without specifying the rigid assumption of either exogeneity or endogeneity of exchange rates. Both short- and long-run impacts of shocks in the exchange rate are found to be significant. However, the effect of an exchange rate shock on the agricultural sector is larger than that on the industrial sector. This study examines a fundamental question about the role of the exchange rate in the two sectors. The exchange rate is exogenous in the agricultural sector, while being endogenous in the industrial sector.
Tipo: Working or Discussion Paper Palavras-chave: Role of exchange rates; Endogeneity; Exogeneity; Over-identification; Short- and long-run impulse response.; International Relations/Trade.
Ano: 2002 URL: http://purl.umn.edu/23589
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Implementing matching estimators for average treatment effects in Stata AgEcon
Abadie, Alberto; Drukker, David M.; Herr, Jane Leber; Imbens, Guido W..
This paper presents an implementation of matching estimators for average treatment effects in Stata. The nnmatch command allows you to estimate the average effect for all units or only for the treated or control units; to choose the number of matches; to specify the distance metric; to select a bias adjustment; and to use heteroskedastic-robust variance estimators.
Tipo: Journal Article Palavras-chave: Nnmatch; Average treatment effects; Matching; Exogeneity; Unconfoundedness; Ignorability; Research Methods/ Statistical Methods.
Ano: 2004 URL: http://purl.umn.edu/116250
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