o_beta_boot_viz: Visualization of bootstrapped beta*s

In robomit: Robustness Checks for Omitted Variable Bias

Description

Estimates and visualizes bootstrapped beta*s, i.e., the bias-adjusted treatment effects (or correlations) (following Oster 2019).

Usage

o_beta_boot_viz(y, x, con, m = "none", w = NULL, id = "none", time = "none",
delta = 1, R2max, sim, obs, rep, CI, type, norm = TRUE, bin,
col = c("#08306b","#4292c6","#c6dbef"), nL = TRUE, mL = TRUE, useed = NA, data)

Arguments

y	Name of the dependent variable (as string).
x	Name of the independent treatment variable (i.e., variable of interest; as string).
con	Name of related control variables. Provided as string in the format: "w + z +...".
m	Name of unrelated control variables (m; see Oster 2019; as string; default is m = "none").
w	weights (only for weighted estimations). Warning: For weighted panel models R can report different R-square than Stata, leading deviation between R and Stata results.
id	Name of the individual id variable (e.g. firm or farm; as string). Only applicable for fixed effect panel models.
time	Name of the time id variable (e.g. year or month; as string). Only applicable for fixed effect panel models.
delta	delta for which beta*s should be estimated (default is delta = 1).
R2max	Maximum R-square for which beta*s 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).
norm	Option to include a normal distribution in the plot (default is norm = TURE).
bin	Number of bins used in the histogram.
col	Colors used to indicate different confidence interval levels (indicated as vector). Needs to be the same length as the variable CI. The default is a blue color range.
nL	Option to include a red vertical line at 0 (default is nL = TRUE).
mL	Option to include a vertical line at mean of all beta*s (default is mL = TRUE).
useed	User defined seed.
data	Dataset.

Details

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

Value

Returns ggplot2 object, which depicts the bootstrapped beta*s.

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 beta*s
o_beta_boot_viz(y = "mpg",            # dependent variable
                x = "wt",             # independent treatment variable
                con = "hp + qsec",    # related control variables
                delta = 1,            # delta
                R2max = 0.9,          # maximum R-square
                sim = 100,            # number of simulations
                obs = 30,             # draws per simulation
                rep = FALSE,          # bootstrapping with or without replacement
                CI = c(90,95,99),     # confidence intervals
                type = "lm",          # model type
                norm = TRUE,          # normal distribution
                bin = 200,            # number of bins
                useed = 123,          # seed
                data = data_oster)    # dataset

robomit documentation built on June 22, 2021, 9:09 a.m.