o_beta_boot_inf: Bootstrapped mean beta* and confidence intervals

In robomit: Robustness Checks for Omitted Variable Bias

Description

Estimates and provides confidence intervals of bootstrapped betas*, i.e. the estimated bias-adjusted treatment effects, following Oster (2019).

Usage

o_beta_boot_inf(y, x, con, id = "none", time = "none", delta = 1, R2max, sim, obs, rep,
CI, type, useed = NA, data)

Arguments

y	Name of the dependent variable (as string).
x	Name of the independent variable of interest (treatment variable; as string).
con	Name of the other control variables. Provided as string in the format: "w + z +...".
id	Name of the individual id variable (e.g. firm or farm; as string). Only applicable for fixed effect models.
time	Name of the time variable (e.g. year or month; as string). Only applicable for fixed effect models.
delta	Delta for which beta* should be estimated (default is delta = 1).
R2max	Max R-square for which beta* should be estimated.
sim	Number of simulations.
obs	Number of draws per simulation.
rep	Bootstrapping either with (= TRUE) or without (= FALSE) replacement
CI	Confidence intervals, indicated as vector. Can be and/or 90,95,99.
type	Model type (either lm or plm; as string).
useed	Seed number defined by user.
data	Data.

Details

Estimates mean and provides confidence intervals of bootstrapped betas*, i.e. the estimated bias-adjusted treatment effects, following Oster (2019). Bootstrapping can either be done with or without replacement. The function supports linear cross sectional (see lm objects in R) and panel fixed effect (see plm objects in R) models.

Value

Returns tibble object. Including bootstrapped betas* and confidence intervals.

References

Oster, E. (2019). Unobservable selection and coefficient stability: Theory and evidence. Journal of Business & Economic Statistics, 37, 187-204.

Examples

# load data, e.g. the in-build mtcars dataset
data("mtcars")
data_oster <- mtcars

# preview of data
head(data_oster)

# load robomit
require(robomit)

# estimate and visualize bootstrapped deltas*
o_beta_boot_inf(y = "mpg",                # define the dependent variable name
                    x = "wt",             # define the main independent variable name
                    con = "hp + qsec",    # other control variables
                    delta = 0,            # define delta. This is usually set to 1
                    R2max = 0.9,          # define the max R-square.
                    sim = 100,            # define number of simulations
                    obs = 30,             # define number of drawn observations per simulation
                    rep = FALSE,          # define if bootstrapping is with or without replacement
                    CI = c(90,95,99),     # define confidence intervals.
                    type = "lm",          # define model type
                    useed = 123,          # define seed
                    data = data_oster)    # define dataset

robomit documentation built on Sept. 15, 2020, 5:07 p.m.