The treatment-effect estimation: A case study of the 2008 economic stimulus package of China
处理效应估计:中国2008年经济刺激计划案例
Researchers often face the challenge of estimating the counterfactuals to evaluate the treatment effects. Hsiao et al. (2012) propose a method that offers more flexibilities by allowing the influence of the unobservable latent factors to vary cross-section. This paper relaxes the linear conditional mean assumption in their method by extending it to a semi-parametric setting. The asymptotic distribution properties of the average treatment effect estimator is derived and…