When is it really justifiable to ignore explanatory variable endogeneity in a regression model?
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چکیده
منابع مشابه
When is it really justifiable to ignore explanatory variable endogeneity in a regression model?
A conversion of standard ordinary least-squares results into inference which is robust under endogeneity of some regressors has been put forward in Ashley and Parmeter, Economics Letters, 137 (2015) 70-74. However, their conversion is based on an incorrect (though by accident conservative) asymptotic approximation and entails a neglected but avoidable randomness. By a very basic example it is i...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2016
ISSN: 0165-1765
DOI: 10.1016/j.econlet.2016.06.021