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- Title
Low-rank approximations of nonseparable panel models.
- Authors
Fernández-Val, Iván; Freeman, Hugo; Weidner, Martin
- Abstract
We provide estimation methods for nonseparable panel models based on low-rank factor structure approximations. The factor structures are estimated by matrix-completion methods to deal with the computational challenges of principal component analysis in the presence of missing data. We show that the resulting estimators are consistent in large panels, but suffer from approximation and shrinkage biases. We correct these biases using matching and difference-in-differences approaches. Numerical examples and an empirical application to the effect of election day registration on voter turnout in the US illustrate the properties and usefulness of our methods.
- Subjects
VOTER registration; VOTER turnout; ELECTION Day; PRINCIPAL components analysis; FACTOR structure
- Publication
Econometrics Journal, 2021, Vol 24, Issue 2, pC40
- ISSN
1368-4221
- Publication type
Article
- DOI
10.1093/ectj/utab007