Print Email Facebook Twitter Efficient Inference with Panel Data Title Efficient Inference with Panel Data: On the pass-through of the Dutch 2001 and 2012 VAT increases to consumer prices Author van Hooft, George (TU Delft Electrical Engineering, Mathematics and Computer Science; TU Delft Delft Institute of Applied Mathematics) Contributor Bierkens, Joris (mentor) van der Meulen, Frank (graduation committee) Kurowicka, Dorota (graduation committee) Degree granting institution Delft University of Technology Programme Applied Mathematics Date 2018-08-28 Abstract This thesis evaluates the pass-through of the 2001 and 2012 Dutch Value Added Tax (VAT) increases to customer prices using a difference-in-differences model. To this end, the first difference and feasible generalised least squares estimators are introduced. Contrary to the conventional pooled OLS estimator, these estimators always show significant causal effects for both VAT hikes. These also dramatically improve the accuracy of the estimates compared to earlier research on the incidence of VAT. For the 2012 tax increase, the null hypothesis of full pass through is even rejected. This result is a novelty in the econometric literature. Even in more general settings, the estimators used in this thesis prove far superior over conventional causal estimation techniques of difference-in-differences models. Subject efficient linear regressiondifference-in-differencespanel datavalue added taxfirst difference To reference this document use: http://resolver.tudelft.nl/uuid:092fd519-2c0f-4102-8b9b-365c779c4c45 Part of collection Student theses Document type master thesis Rights © 2018 George van Hooft Files PDF Scriptie.pdf 995.17 KB Close viewer /islandora/object/uuid:092fd519-2c0f-4102-8b9b-365c779c4c45/datastream/OBJ/view