《计量经济学导论》Chapter 13.pptVIP

Chapter 13 ;Policy analysis with pooled cross sections Two or more independently sampled cross sections can be used to evaluate the impact of a certain event or policy change Example: Effect of new garbage incinerator on housing prices Examine the effect of the location of a house on its price before and after the garbage incinerator was built: ;Example: Garbage incinerator and housing prices (cont.) It would be wrong to conclude from the regression after the incinerator is there that being near the incinerator depresses prices so strongly One has to compare with the situation before the incin