The New Palgrave Dictionary of Economics Online semiparametric estimation
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چکیده
Semiparametric estimation methods are used for models which are partly parametric and partly nonparametric; typically the parametric part is an underlying regression function which is assumed to be linear in the observable explanatory variables, while the nonparametric component involves the distribution of the model's ‘error terms’. Semiparametric methods are particularly useful for limited dependent variable models (for example, the binary response or censored regression models), since fully parametric specifications for those models yield inconsistent estimators if the parametric distribution of the errors is misspecified.
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Religion and Economic Development
S. N. Durlauf and L. E. Blume, The New Palgrave Dictionary of Economics, forthcoming, Palgrave Macmillan, reproduced with permission of Palgrave Macmillan. This article is taken from the author's original manuscript and has not been reviewed or edited. The definitive published version of this extract may be found in the complete New Palgrave Dictionary of Economics in print and online, forthcom...
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