Part 1. Econometrics

Topics

Materials

Session Leaders

1st Week

(6/29, 14:00~15:30)

  • Introduction
  • What is Economics of IS?
  • Slide Download
  • Orlikowski, W. J., & Baroudi, J. J. (1991). Studying Information Technology in Organizations: Research Approaches and Assumptions. Information Systems Research, 2(1), 1-28.
  • Optional (examples of economics approaches)

- Schumpeter, J. A. (1934). The Theory of Economic Development. Harvard University Press. (Originally published in German in 1911)

- King, R. G., & Levine, R. (1993). Finance and Growth: Schumpeter Might Be Right. Quarterly Journal of Economics, 108(3), 717-737.

- Rajan, R. G., & Zingales, L. (1998). Financial Dependence and Growth. American Economic Review, 88(3), 559-586.

- Levine, R., Loayza, N., & Beck, T. (2000). Financial Intermediation and Growth: Causality and Causes. Journal of Monetary Economics, 46(1), 31-77.

- Buera, F. J., Kaboski, J. P., & Shin, Y. (2011). Finance and Development: A Tale of Two Sectors. American Economic Review, 101(5), 1964-2002.

Jiyong Park

2nd Week

(7/6, 14:00~15:30)

  • Regression Framework

- Why is ordinary least square (OLS) not enough?

- Ordinary Least Square (OLS) (18:38)

- Gauss-Markov Theorem (11:15)

  • Han, K., Kauffman, R. J., & Nault, B. R. (2011). Returns to Information Technology Outsourcing. Information Systems Research, 22(4), 824-840.
  • Campa, J. M., & Kedia, S. (2002). Explaining the Diversification Discount. Journal of Finance, 57(4), 1731-1762. (an example of selection model)

Jiyong Park

3rd Week

(7/13, 14:00~15:30)

  • Instrumental Approach

- Two-stage least square (2SLS)

- Selection model

- System GMM

  • Slide Download / Sample_file
  • Acemoglu, D., & Johnson, S. (2005). Unbundling Institutions. Journal of Political Economy, 113(5), 949-995.
  • Park, J., Kim, J., Pang, M. S., & Lee, B. (2017). Offender or Guardian? An Empirical Analysis of Ride-Sharing and Sexual Assault. KAIST Working Paper.
  • Optional

- Levine, R., Loayza, N., & Beck, T. (2000). Financial Intermediation and Growth: Causality and Causes. Journal of Monetary Economics, 46(1), 31-77. (an example of System GMM)

- Sovey, A. J., & Green, D. P. (2011). Instrumental Variables Estimation in Political Science: A Readers’ Guide. American Journal of Political Science, 55(1), 188-200.

Jiyong Park

4th Week

(7/20, 14:00~15:30)

  • Experimental Approach

- Randomized experiment

- (Natural) Quasi-experiment

- Computational experiment (agent-based simulation)

  • Slide Download
  • Anindya Ghose, Hyeokkoo Eric Kwon, Dongwon Lee, and Wonseok Oh (2017). Seizing the Commuting Moment: Contextual Targeting based on Mobile Transportation Apps. Working Paper. (note: the authors are listed in alphabetical order)
  • Rishika Rishika, Ashish Kumar, Ramkumar Janakiraman, and Ram Bezawada (2013). The Effect of Customers' Social Media Participation on Customer Visit Frequency and Profitability: An Empirical Investigation. Information Systems Research, 24(1), 108-127.
  • Hyeokkoo Eric Kwon, Wonseok Oh, and Tae Kyung Kim (2017). Platform Structures, Homing Preferences, and Homophilous Propensities in Online Social Networks: An Empirical and Simulation Study. Journal of Management Information Systems, forthcoming.
  • Optional

- Zheng Fang, Bin Gu, Xueming Luo, Yunjie Xu (2015). Contemporaneous and Delayed Sales Impact of Location-Based Mobile Promotions. Information Systems Research, 26(3), 552-564.

Hyeokkoo Eric Kwon

5th Week

(7/27, 14:00~15:30)

  • Identification Strategy and Model Uncertainty
  • Slide Download
  • Angrist, J. D., & Pischke, J. S. (2010). The Credibility Revolution in Empirical Economics: How Better Research Design is Taking the Con out of Econometrics. Journal of Economic Perspectives, 24(2), 3-30.
  • Young, C. (2009). Model Uncertainty in Sociological Research: An Application to Religion and Economic Growth. American Sociological Review, 74(3), 380-397.
  • Optional

- Keele, L. (2015). The Statistics of Causal Inference: A View from Political Methodology. Political Analysis, 23(3), 313-335.

- Bowen III, D. E., Frésard, L., & Taillard, J. P. (2016). What’s Your Identification Strategy? Innovation in Corporate Finance Research. Management Science, forthcoming.

Jiyong Park