About: Control function (econometrics)

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Control functions (also known as two-stage residual inclusion) are statistical methods to correct for endogeneity problems by modelling the endogeneity in the error term. The approach thereby differs in important ways from other models that try to account for the same econometric problem. Instrumental variables, for example, attempt to model the endogenous variable X as an often invertible model with respect to a relevant and exogenous instrument Z. Panel analysis uses special data properties to difference out unobserved heterogeneity that is assumed to be fixed over time.

Attributes	Values
rdfs:label	Control function (econometrics) (en) Fonction de contrôle (fr)
rdfs:comment	En économétrie et en statistique, une fonction de contrôle est une méthode permettant de corriger l'endogénéité. Par exemple, la méthode développée par James Heckman pour corriger le biais de sélection est apparentée à une méthode à fonction de contrôle. (fr) Control functions (also known as two-stage residual inclusion) are statistical methods to correct for endogeneity problems by modelling the endogeneity in the error term. The approach thereby differs in important ways from other models that try to account for the same econometric problem. Instrumental variables, for example, attempt to model the endogenous variable X as an often invertible model with respect to a relevant and exogenous instrument Z. Panel analysis uses special data properties to difference out unobserved heterogeneity that is assumed to be fixed over time. (en)
dcterms:subject	Statistical models
Wikipage page ID	48673823 (xsd:integer)
Wikipage revision ID	993965506 (xsd:integer)
Link from a Wikipage to another Wikipage	Endogeneity (econometrics) Quasi-maximum likelihood estimation Errors and residuals Generated regressor Poisson regression Heckman correction Econometric Journal of Machine Learning Research Heterogeneous Invertible James Heckman Statistical models Exogenous Ordinary least squares Instrumental variable Journal of Human Resources Rubin causal model Panel analysis Two-stage least squares Discrete choice model Distributional assumption dbr:Nonadditive_error
Link from a Wikipage to an external page	http://www.jmlr.org/papers/v17/14-379.html
sameAs	Control function (econometrics) Control function (econometrics) Control function (econometrics) Control function (econometrics)
dbp:wikiPageUsesTemplate	dbt:Cite_journal dbt:NumBlk dbt:Reflist dbt:EquationRef dbt:EquationNote
has abstract	Control functions (also known as two-stage residual inclusion) are statistical methods to correct for endogeneity problems by modelling the endogeneity in the error term. The approach thereby differs in important ways from other models that try to account for the same econometric problem. Instrumental variables, for example, attempt to model the endogenous variable X as an often invertible model with respect to a relevant and exogenous instrument Z. Panel analysis uses special data properties to difference out unobserved heterogeneity that is assumed to be fixed over time. Control functions were introduced by Heckman and Robb although the principle can be traced back to earlier papers. A particular reason why they are popular is because they work for non-invertible models (such as discrete choice models) and allow for heterogeneous effects, where effects at the individual level can differ from effects at the aggregate. A well-known example of the control function approach is the Heckman correction. (en) En économétrie et en statistique, une fonction de contrôle est une méthode permettant de corriger l'endogénéité. Par exemple, la méthode développée par James Heckman pour corriger le biais de sélection est apparentée à une méthode à fonction de contrôle. (fr)
prov:wasDerivedFrom	wikipedia-en:Control_function_(econometrics)?oldid=993965506&ns=0
page length (characters) of wiki page	9265 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Control_function_(econometrics)
is Link from a Wikipage to another Wikipage of	Endogeneity with an exponential regression function Heckman correction Fractional model Control Functions Instrumental variables estimation Two-stage residual inclusion Residual inclusion
is Wikipage redirect of	Endogeneity with an exponential regression function Control Functions Two-stage residual inclusion Residual inclusion
is foaf:primaryTopic of	wikipedia-en:Control_function_(econometrics)

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