Weak/Invalid Instruments in Simultaneous Equation Models: Detection and Estimation
نویسنده
چکیده
This note is a resume of Jerry Hausman’s Nake course at the NAKE workshop in Den Haag, The Netherlands in June 2002. It presents an intuitive framework in which the impact of weak/invalid instruments on properties of di¤erent estimators can be analyzed while also suggesting a test to detect the presence of weak/invalid instruments.
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