Keywords: PSM
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Journal Articles
International Journal of Development Issues (2023) 22 (2): 278–297.
Published: 26 May 2023
... to reduce bias due to reverse causality. In the second stage, we match each treated firm to one or more control firms that have the closest propensity scores (Becker and Ichino, 2002 ; Rosenbaum and Rubin, 1983). The PSM estimator of the ATT can then be expressed as follows: H3. Firms...
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