Gradient estimation of the local-constant semiparametric smooth coefficient model

C-Tier
Journal: Economics Letters
Year: 2019
Volume: 185
Issue: C

Authors (2)

Geng, Xin (not in RePEc) Sun, Kai (Shanghai University)

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

This paper studies the analytic gradient of the local-constant estimator for the semiparametric smooth coefficient (SPSC) model. This gradient estimator is shown to be consistent and asymptotically normal. A gradient-based cross-validation method for bandwidth selection is proposed for the SPSC model. Simulation suggests that the analytic gradient of the local-constant estimator outperforms the local-linear counterpart with a relatively large sample size. The gradient estimators are then applied to estimate the marginal effects of research and development on capital and labor productivity in China’s high-technology industry.

Technical Details

RePEc Handle
repec:eee:ecolet:v:185:y:2019:i:c:s0165176519303416
Journal Field
General
Author Count
2
Added to Database
2026-01-29