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On Testing Sample Selection Bias under the Multicollinearity Problem
This paper examines and compares the finite sample performance of the existing tests for sample selection bias, especially under the multi-collinearity problem pointed out by Nawata (1993). The results show that under such multicollinearity problem, (i) the t-test for sample selection bias based on the Heckman and Greene variance estimator can be unreliable; (ii) the standard t-test (Heckman 1979) and the asymptotically efficient Lagrange multiplier test (Melino 1982) have correct size but very little power; (iii) however, the likelihood ratio test following the maximum likelihood estimation remains powerful
Morphological type correlation between nearest neighbor pairs of galaxies
Although the morphological type of galaxies is one of the most fundamental properties of galaxies, its origin and evolutionary processes, if any, are not yet fully understood. It has been established that the galaxy morphology strongly depends on the environment in which the galaxy resides (e.g., Dressler 1980). Galaxy pairs correspond to the smallest scales of galaxy clustering and may provide important clues to how the environment influences the formation and evolution of galaxies. Several investigators pointed out that there is a tendency for pair galaxies to have similar morphological types (Karachentsev and Karachentseva 1974, Page 1975, Noerdlinger 1979). Here, researchers analyze morphological type correlation for 18,364 nearest neighbor pairs of galaxies identified in the magnetic tape version of the Center for Astrophysics Redshift Catalogue
[Book review] "Investment Climate around the World: Voices of the Firms from the World Business Environment Survey by Geeta Batra, Daniel Kaufmann, and Andrew H. W. Stone"
Foreign Investments, Globalization, International business enterprises
[Book review] "Development Economics: From the Poverty to the Wealth of Nations by Yujiro Hayami"
Developing coutnries, Development economics, Economic development
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