Abstract and Applied Analysis / 2014 / Article / Tab 4

Research Article

Moment Conditions Selection Based on Adaptive Penalized Empirical Likelihood

Table 4

EL and GMM shrinkage estimation of the labor supply equation1.

Method IVEL3EL3SEL4SEL4P-EL5P-EL5
(1)(2)(3)(4)(5)(6)

Adaptive-EL −0.0157−0.0226−0.0117−0.0226−0.0165−0.0187
(0.0253)(0.0238)(0.0052)(0.0196)(0.0195)(0.0191)
0.32430.26850.06970.18320.13950.1726
(1.227)(1.145)(0.1469)(0.1923)(0.1455)(0.1397)
NoYesNoYesNoYes

Adaptive-GMM
−0.0157−0.0223−0.0116−0.0228−0.0165−0.0192
(0.025)(0.0238)(0.0049)(0.0199)(0.0196)(0.0191)
0.32400.26790.06970.18270.13980.1721
(1.223)(1.141)(0.1469)(0.1918)(0.1455)(0.1393)
NoYesNoYesNoYes

For detailed instructions see Remark 4.