The academic statement of purpose (Econometrics field) Essay

The academic statement of purpose (Econometrics field) - Essay ExampleHowever, my result were challenged by the potential possibility of heterogeneity whereby agents participating and complying with the policy might withal result in self-selection on marriage age even though the policy is compulsory, this is a common problem that plague most applied societal programs (Handbook of Econometrics, Chapter 70). Later on, I encountered a similar problem on a project regarding the impact of social security reform on savings style in China, I estimated the substitution effect of compulsory respective(prenominal) pension and regular private saving, and results supported the later reforms on data selected from real individual account data to nominal individual account data which eliminated the heterogeneity problem.These experiences instilled in me a keen desire to better understand the underlying supposititious analysis on treatment effects in studies and also existing econometrics theor ies. Keeping these questions in mind, I began my course study at the University of Michigan where I learnt a number of econometric theory courses. With outstanding performance on these courses, I started working as a research assistant for my Professor on the project two-stage within-group estimator in dynamic panel, this model extends the streamer panel model when the regressors are endogenous and also integrates heterogeneity and endogenous variables separately. However, the standard within-group transformation will give a rise to another source of endogeniety in dynamic framework and therefore further bias the estimates. Therefore, we focus on tracing each source of endogeneity and asymptotical property of estimators. I therefore encountered other dimensions of treatment literature as well the two stage averaging parameter rule in this project. Our problem was later solved using Donald and Newey (2001) method whereby the instrument bias was eliminated by choosing subset of inst ruments and averaging the parameters from each selection. These two projects were beneficial to me and they formed a unharmed foundation to work on more advanced theoretical topic, they encouraged me to struggle to rise to a higher and complex level of understanding of econometrics peculiarly recent research on the subject. My current coauthor work with my Professor is the identification of quartile treatment effect when treatment is endogenous under non-separable panel framework. late literature on treatment effects emphasizes nonparametric identification of certain parameters, robustness, as well as certain forms of heterogeneity in responses to treatment. ((Handbook of Econometrics, Chapter 70, Chernozhukov and Hansen (2005), Chernozhukov, Fernondez-Val, Newey(2009)). We are before long working on a project which is targeting quartile treatment identification in non-separable panel using bound restriction. This project is important given that it will garter me gain more know ledge and also deepen my understanding of econometrics, the non-separable panel using bound restriction idea can be extended to criminalise regression, whereby the bound restriction is not automatically applied. In practice, the potential result can also apply to empirical work broadly when the data is selected from the overthrow and upper quartiles. I am currently pleased with my performance at the university and particularly proud of working with my professor