Economics, Econometrics and Finance
8 years ago

New research improves accuracy of economic and financial models estimation.

Discrete Dynamics in Nature and Society
Higher Order Mean Squared Error of Generalized Method of Moments Estimators for Nonlinear Models
Yi Hu, Xiaohua Xia, Ying Deng, Dongmei Guo

Paper Summary

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The article explores ways to improve the accuracy of estimators used in economics and finance by studying the mean squared error of a specific method called generalized method of moments. By analyzing a type of nonlinear regression model with endogeneity, the researchers found that their method can help compare different estimators and enhance their performance in real-world situations.