Journal article icon

Journal article

On adding over-identifying instrumental variables to simultaneous equations.

Abstract:
Reducing the number of over-identifying instruments, or adding them to a structural equation, increases estimation dispersion. Added instruments should be insignificant under correct specification, with parameter estimates nearly unaffected, confirmed by Monte Carlo. Selecting instruments does not affect these results.

Actions


Access Document


Authors


David F. Hendry More by this author
Journal:
Economics Letters
Volume:
111
Issue:
1
Publication date:
2011
DOI:
URN:
uuid:8260aa55-d087-4880-a02c-4cee47f6d01f
Local pid:
oai:economics.ouls.ox.ac.uk:15053
Language:
English

Terms of use


Metrics



If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP