This paper proposes a novel estimation of coefficients in single-index regression models. Unlike the traditional average derivative estimation [Powell JL, Stock JH, Stoker TM. Semiparametric estimation of index coefficients. Econometrica. 1989;57(6):1403–1430; Hardle W, Thomas M. Investigating smooth multiple regression by the method of average derivatives. J Amer Statist Assoc. 1989;84(408):986–995] and semiparametric least squares estimation [Ichimura H. Semiparametric least squares (sls) and weighted sls estimation of single-index models. J Econometrics. 1993;58(1):71–120; Hardle W, Hall P, Ichimura H. Optimal smoothing in single-index models. Ann Statist. 1993;21(1):157–178], the procedure developed in this paper is to estimate the coefficients directly by minimizing the mean variation function and does not involve estimating the link function nonparametrically. As a result, it avoids the selection of the bandwidth or the number of knots, and its implementation is more robust and easier. The resultant estimator is shown to be consistent. Numerical results and real data analysis also show that the proposed procedure is more applicable against model free assumptions. 相似文献
This qualitative study explores the welfare recipients’ experiences of and attitudes toward the welfare benefit system in Hong Kong. A sample of 19 welfare recipients from six main recipient groups was interviewed, some twice. This study finds that the recipients have strong aspirations to exit the welfare benefit system. The welfare application process is painful; they are strongly stigmatized; they do not have sufficient resources to meet many of their expected needs; and, after all, they have strong ethos for self-reliance. However, they remain in the benefit system. This study looks into this paradox and the challenges facing the welfare benefit system in Hong Kong in terms of providing ontological security on the one hand and promoting self-reliance on the other. 相似文献
This study examines the effects of professionalization on the cost efficiency of fundraising organizations in a unique research context, Chinese charitable foundations. Two important professionalization measures, professionalized human resource management and accounting practices, are adopted. Using data from audited annual reports from 2005 to 2009, we find that professionalization in general enables foundations to increase their fundraising cost efficiencies. However, further analysis indicates that this positive effect only occurs in private but not in public foundations. Furthermore, the positive effect of professionalization is more significant when raising unrestricted funds than when raising restricted funds from donors.