Poor (Wo)Man's Bootstrap
45 Pages Posted: 7 Sep 2017
Date Written: March, 2015
The bootstrap is a convenient tool for calculating standard errors of the parameters of complicated econometric models. Unfortunately, the fact that these models are complicated often makes the bootstrap extremely slow or even practically infeasible. This paper proposes an alternative to the bootstrap that relies only on the estimation of one-dimensional parameters. The paper contains no new difficult math. But we believe that it can be useful.
Keywords: bootstrap, standard error, inference, structural models, parametric estimation
JEL Classification: C10, C18
Suggested Citation: Suggested Citation