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Smooth coefficient models with endogenous environmental variables

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  • Michael S. Delgado
  • Deniz Ozabaci
  • Yiguo Sun
  • Subal C. Kumbhakar

Abstract

We develop a three-step, oracle-efficient estimator for a structural semiparametric smooth coefficient model with endogenous variables in the nonparametric part of the model. We use a control function approach, combined with both series and kernel estimators to obtain consistent and asymptotically normal estimators of the functions and their partial derivatives. We develop a residual-based test statistic for testing endogeneity, and demonstrate the finite sample performance of our estimators, as well as our test, via Monte Carlo simulations. Finally, we develop an application of our estimator to the relationship between public benefits and private savings.

Suggested Citation

  • Michael S. Delgado & Deniz Ozabaci & Yiguo Sun & Subal C. Kumbhakar, 2020. "Smooth coefficient models with endogenous environmental variables," Econometric Reviews, Taylor & Francis Journals, vol. 39(2), pages 158-180, February.
    • Handle: RePEc:taf:emetrv:v:39:y:2020:i:2:p:158-180
    DOI: 10.1080/07474938.2018.1552413
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    Cited by:

    1. Li, Mingyang & Jin, Man & Kumbhakar, Subal C., 2022. "Do subsidies increase firm productivity? Evidence from Chinese manufacturing enterprises," European Journal of Operational Research, Elsevier, vol. 303(1), pages 388-400.
    2. Yashar Tarverdi, 2018. "Aspects of Governance and $$\hbox {CO}_2$$ CO 2 Emissions: A Non-linear Panel Data Analysis," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 69(1), pages 167-194, January.
    3. Mustafa Koroglu, 2019. "Growth and Debt: An Endogenous Smooth Coefficient Approach," JRFM, MDPI, vol. 12(1), pages 1-22, February.
    4. Kumbhakar, Subal C. & Li, Mingyang & Lien, Gudbrand, 2023. "Do subsidies matter in productivity and profitability changes?," Economic Modelling, Elsevier, vol. 123(C).

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