This paper examines the exact sampling behavior of a family of instrumental variables estimators of the coefficients in a single structural equation when the model has been misspecified by the incorrect inclusion or exclusion of variables. It is found that such specification errors can have implications for the structure of the exact results obtained. A brief numerical examination of the analytical results is also provided.
This paper presents a new approximation to the exact sampling distribution of the instrumental varia...
Instrumental variable methods can identify causal effects even when the treatment and outcome are co...
Results published recently by Hendry (1979) for the limiting distribution of inconsistent instrument...
Misspecifications of econometric models can lead to biased coefficients and incorrect interpretation...
Reducing the number of over-identifying instruments, or adding them to a structural equation, increa...
The Ordinary Least Squares (OLS) method is the most widely used method to estimate the parameters o...
The model-implied instrumental variable (MIIV) estimator is an equation-by-equation estimator of str...
Swamy et al. (2015) argue that valid instruments cannot exist when a structural model is misspecifie...
We consider censored structural latent variables models where some exogenous variables are subject ...
We consider censored structural latent variables models where some exogenous variables are subject t...
A parameter in a statistical model is identified if its value can be uniquely determined from the di...
The method of instrumental variables (IV) and the generalized method of moments (GMM), and their app...
retaining sole responsibility for any remaining errors. This paper studies the estimation of models ...
This paper presents a new approximation to the exact sampling distribution of the instrumental varia...
The paper considers the estimation of the coefficients of a single equation in the presence of dummy...
This paper presents a new approximation to the exact sampling distribution of the instrumental varia...
Instrumental variable methods can identify causal effects even when the treatment and outcome are co...
Results published recently by Hendry (1979) for the limiting distribution of inconsistent instrument...
Misspecifications of econometric models can lead to biased coefficients and incorrect interpretation...
Reducing the number of over-identifying instruments, or adding them to a structural equation, increa...
The Ordinary Least Squares (OLS) method is the most widely used method to estimate the parameters o...
The model-implied instrumental variable (MIIV) estimator is an equation-by-equation estimator of str...
Swamy et al. (2015) argue that valid instruments cannot exist when a structural model is misspecifie...
We consider censored structural latent variables models where some exogenous variables are subject ...
We consider censored structural latent variables models where some exogenous variables are subject t...
A parameter in a statistical model is identified if its value can be uniquely determined from the di...
The method of instrumental variables (IV) and the generalized method of moments (GMM), and their app...
retaining sole responsibility for any remaining errors. This paper studies the estimation of models ...
This paper presents a new approximation to the exact sampling distribution of the instrumental varia...
The paper considers the estimation of the coefficients of a single equation in the presence of dummy...
This paper presents a new approximation to the exact sampling distribution of the instrumental varia...
Instrumental variable methods can identify causal effects even when the treatment and outcome are co...
Results published recently by Hendry (1979) for the limiting distribution of inconsistent instrument...