Correcting Standard Errors in Two-Stage Estimation Procedures with Generated Regressands

Michel Dumont, Glenn Rayp, Peter Willemé and O. Thas
Additional contact information
O. Thas: -

Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium from Ghent University, Faculty of Economics and Business Administration

Abstract: The procedure proposed by Feenstra and Hanson (1997) to correct the standard errors in a two-stage regression with generated dependent variables does not guarantee positive variances. We propose a modified correction procedure such that standard errors can always be computed.

Keywords: Generated regressands; two-stage estimation (search for similar items in EconPapers)
JEL-codes: C12 C13 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2003-04
New Economics Papers: this item is included in nep-ecm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
http://wps-feb.ugent.be/Papers/wp_03_172.pdf (application/pdf)

Related works:
Journal Article: Correcting Standard Errors in Two‐stage Estimation Procedures with Generated Regressands (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rug:rugwps:03/172

Access Statistics for this paper

More papers in Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium from Ghent University, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Nathalie Verhaeghe ().