2013) and uses prefecture-level data in Japan from 1995 to 2007 to estimate the effect of imports from China on regional labor markets using 2SLS
Likewise, for 2SLS
regressions, the final sample included 294 observations for the years 2013 and 2014, in which each year is represented by the cross-section of 147 companies.
In each table, results are differentiated in terms of whether or not region effects are included and whether OLS or 2SLS
is used to estimate Eq.
Following the prescription of Angrist and Pischke (2009), we report exactly identified 2SLS
estimates for our strongest instrument (the indicator for a pinpointing year after 1949) in column 3.
I see some evidence of economies of scale at the fund level and at the sponsor level in the 2SLS
specification with fees inversely related to fund size and family size, respectively.
If there are no cross-equation restrictions, the results will be identical to unweighted single-equation 2SLS
We have estimated a whole range of regressions using both the fixed effects model and the 2SLS
, by including or excluding certain variables.
Finally, endogeneity tests find that the 2SLS
estimates are statistically different from the OLS estimates for both the natural log of equivalized income ([chi square] = 4.
In Table 7 OLS and 2SLS
estimations of estimations are reported for each of the individual component areas of the economic freedom index.
This first set of 2SLS
results therefore confirms our hypothesis that the demand for terrorism insurance is more price inelastic than for property.
However, the validity of 2SLS
relies on appropriate instrument variables in the first stage in order to estimate supply.
The adjusted R2 calculated by 2SLS
is little bit low as computed from 3SLS technique.