The Review of Economics and Statistics Vol. 71 No. 4 1989
Bias and Stability of Multiplier Estimates
Abstract
A number of analytical contributions have given sufficient conditions under which Leontief multiplier estimates are biased. This paper uses empirical data and a Monte Carlo framework to evaluate the problem of bias and obtains the opposite conclusions. For practical purposes, it appears that linear multiplier estimates are unbiased. The variance properties of these estimates are also evaluated.
- DOI
- 10.2307/1928119
- Volume
- 71
- Issue
- 4
- Pages
- 718
- Sources
- crossref openalex