Two-stage least squares as minimum distance

نویسندگان

چکیده

منابع مشابه

Credible Two-Stage Least Squares Inference With Possibly-Flawed Instruments

Two-stage least squares (2SLS) is commonly used to obtain consistent structural parameter inferences and asymptotically-valid inference results where one or more explanatory variables is – due to endogeneity, measurement error, etc.– correlated with the model error term. But the validity of 2SLS rests on an assumption that each of the instruments used is itself is unflawed – i.e., uncorrelated ...

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ژورنال

عنوان ژورنال: The Econometrics Journal

سال: 2019

ISSN: 1368-4221,1368-423X

DOI: 10.1111/ectj.12115