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In the quest for economic significance: Assessing variable importance through mean value decomposition
Blekinge Tekniska Högskola, Fakulteten för teknikvetenskaper, Institutionen för industriell ekonomi.
2014 (engelsk)Inngår i: Applied Economics Letters, ISSN 1350-4851, E-ISSN 1466-4291, Vol. 21, nr 8, s. 545-549Artikkel i tidsskrift (Fagfellevurdert) Published
Abstract [en]

Economic significance is frequently assessed through statistical hypothesis testing, which however, does not always correspond to the implicit economical questions being addressed. In this article we propose using mean value decomposition to assess economic significance. Unlike most previously suggested methods the proposed one is intuitive and simple to conduct. The technique is demonstrated and contrasted with hypothesis tests by an empirical example involving the income of Mexican children, which shows that the two inference approaches provide different and supplementary pieces of information.

sted, utgiver, år, opplag, sider
Routledge , 2014. Vol. 21, nr 8, s. 545-549
Emneord [en]
conditioning, economic significance, regression analysis, mean value decomposition, goodness-of-fit
HSV kategori
Identifikatorer
URN: urn:nbn:se:bth-6382DOI: 10.1080/13504851.2013.872757ISI: 000332196800008Lokal ID: oai:bth.se:forskinfoA4B7A16324E0D2E6C1257C98003E462FOAI: oai:DiVA.org:bth-6382DiVA, id: diva2:833881
Merknad
The earlier version of paper is also published in following two working paper series: https://static.sys.kth.se/itm/wp/cesis/cesiswp326.pdf http://www.bth.se/mam/forskning.nsf/attachments/Wp%202013_3_Holgersson,%20Norman ,%20Tavassoli_In%20the%20Quest%20for%20Economic%20Significance_pdf/$file/Wp%2020 13_3_Holgersson,%20Norman,%20Tavassoli_In%20the%20Quest%20for%20Economic%20Signi ficance.pdfTilgjengelig fra: 2015-05-18 Laget: 2014-03-11 Sist oppdatert: 2017-12-04bibliografisk kontrollert

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