On extending Powell, Stock, and Stoker (1989) to indexes with functionally dependent covariates

C-Tier
Journal: Economics Letters
Year: 2024
Volume: 242
Issue: C

Authors (2)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In this paper, we extend Powell et al.’s (1989) results to a situation where the index contains functionally dependent covariates. This allows one to obtain semiparametric, root-N consistent, estimates of index parameters when the index includes polynomial or interaction terms.

Technical Details

RePEc Handle
repec:eee:ecolet:v:242:y:2024:i:c:s0165176524003537
Journal Field
General
Author Count
2
Added to Database
2026-01-24