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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP5877 |
DP5877 Can News About the Future Drive the Business Cycle? | |
Sérgio Rebelo; Nir Jaimovich | |
发表日期 | 2006-10-08 |
出版年 | 2006 |
语种 | 英语 |
摘要 | This paper considers the semiparametric identification of endogenous and exogenous peer effects based on group size variation. We show that Lee (2006)?s linear-in-means model is generically identified, even when all members of the group are not observed. While unnecessary in general, homoskedasticity may be required in special cases to recover all parameters. Extensions to asymmetric responses to peers and binary outcomes are also considered. Once more, most parameters are semiparametrically identified under weak conditions. However, recovering all of them requires more stringent assumptions. Eventually, we bring theoretical evidence that the model is more adapted to small groups. |
主题 | Labour Economics |
关键词 | Linear-in-means model Social interactions Semiparametric identification |
URL | https://cepr.org/publications/dp5877 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534711 |
推荐引用方式 GB/T 7714 | Sérgio Rebelo,Nir Jaimovich. DP5877 Can News About the Future Drive the Business Cycle?. 2006. |
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