On Standard-Error-Decreasing Complementarity: Why Collinearity is Not the Whole Story

On Standard-Error-Decreasing Complementarity: Why Collinearity is Not the Whole Story

There is a widespread belief among economists that adding additional variables to a regression model causes higher standard errors. This note shows that, in general, this belief is unfounded and that the impact of adding variables on coefficients’ standard errors is unclear. The concept of standard-...

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Vydáno v:MAGKS - Joint Discussion Paper Series in Economics (Band 03-2017)
Hlavní autor: Hayo, Bernd
Médium: Článek
Jazyk:angličtina
Vydáno: Philipps-Universität Marburg 2017
Témata:
Standard-error-decreasing complementarity
multicollinearity
Wirtschaft
standard error
multivariate regression model
econometric methodology
collinearity
Economics
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MAGKS - Joint Discussion Paper Series in Economics

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