Avoiding arbitrary exclusion restrictions using ratios of reduced-form estimates
نویسندگان
چکیده
منابع مشابه
Avoiding arbitrary exclusion restrictions using ratios of reduced-form estimates
We show how to obtain coherent structural-form (SF) exclusion restrictions using the reduced-form (RF) parameter ratios. It will be shown that an over-identified SF corresponds to a group of regressors sharing the same RF ratio value; those regressors should be excluded jointly from the SF. If there is no group structure, then the SF is just-identified; in this case, however, it is no longer cl...
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ژورنال
عنوان ژورنال: Empirical Economics
سال: 2006
ISSN: 0377-7332,1435-8921
DOI: 10.1007/s00181-006-0106-1