Instrumental Variables Before and LATEr
نویسنده
چکیده
The modern formulation of the instrumental variable methods initiated the valuable interactions between economics and statistics literatures of causal inference and fueled new innovations of the idea. It helped resolving the long-standing confusion that the statisticians used to have on the method, and encouraged the economists to rethink how to make use of instrumental variables in policy analysis.
منابع مشابه
Instrumental Variables Regression with Measurement Errors and Multicollinearity in Instruments
In this paper we obtain a consistent estimator when there exist some measurement errors and multicollinearity in the instrumental variables in a two stage least square estimation of parameters. We investigate the asymptotic distribution of the proposed estimator and discuss its properties using some theoretical proofs and a simulation study. A real numerical application is also provided for mor...
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