Mathematics
4 years ago

New method reveals true impact of World Trade Organization on environment

Empirical Likelihood for Efficient Semiparametric Average Treatment Effects
Francesco Bravo, David T. Jacho‐Chávez

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The article explores a new method to estimate the effects of treatments on average outcomes. By using empirical likelihood, researchers found a way to improve the accuracy of these estimates. They discovered that the empirical likelihood ratio follows a specific pattern and developed a test statistic to analyze it. Through a small experiment, they confirmed that this new method performs well with real data. Ultimately, this approach was used to determine the impact of the World Trade Organization on the environment.