| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w26501
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| 来源ID | Working Paper 26501
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| Regional Data in Macroeconomics: Some Advice for Practitioners |
| Gabriel Chodorow-Reich
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| 发表日期 | 2019-12-02
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| 出版年 | 2019
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| 语种 | 英语
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| 摘要 | Cross-sectional or panel studies have joined time series techniques as an important element in empirical macroeconomists' toolkit. The econometric best practices for these studies and their aggregate implications remain active topics of research. In this paper, I offer several pieces of advice for practitioners in this literature. I begin by casting regional analysis in a Rubin (1978) potential outcomes framework. This formalism clarifies three reasons why the estimated impact of a shock on a single region can differ from the aggregate effect of the shock: (i) contamination of the untreated areas through ``micro'' spillovers, (ii) these spillovers sum to an economically relevant magnitude, and (iii) national variables endogenously respond to national shocks but not to local shocks. I provide several examples to illustrate and discuss how economic theory can sometimes sign the spillovers and bound the difference between the regional and aggregate effects of the shock. I then turn to econometric issues including the choice of endogenous variable in a regional regression and whether or not to weight by population. |
| 主题 | Macroeconomics
; Regional and Urban Economics
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| URL | https://www.nber.org/papers/w26501
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584174
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推荐引用方式
GB/T 7714 |
Gabriel Chodorow-Reich. Regional Data in Macroeconomics: Some Advice for Practitioners. 2019.
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文件名：
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w26501.pdf
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格式：
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Adobe PDF
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