Bias and Stability of Multiplier Estimates

Name: Bias and Stability of Multiplier Estimates
Creator: Roland-Holst, David W
Keywords: 4. Education, 0211 other engineering and technologies, 0202 electrical engineering, electronic engineering, information engineering, 02 engineering and technology

Roland-Holst, David W

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Review of Economics ...arrow_drop_down

Review of Economics and Statistics

Article . 1989 . Peer-reviewed

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https://dx.doi.org/10.2307/192...

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Bias and Stability of Multiplier Estimates

descriptionPublicationkeyboard_double_arrow_right Article 01 Nov 1989Publisher:JSTORJournal:The Review of Economics and Statistics, volume 71, page 718 (issn: 0034-6535,

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Authors: Roland-Holst, David W;

doi: 10.2307/1928119

Bias and Stability of Multiplier Estimates

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Abstract

A number of analytical contributions have given sufficient conditions under which Leontief multiplier estimates are biased. This paper uses empirical data and a Monte Carlo framework to evaluate the problem of bias and obtains the opposite conclusions. For practical purposes, it appears that linear multiplier estimates are unbiased. The variance properties of these estimates are also evaluated. Copyright 1989 by MIT Press.

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