Instrumental Variable Estimation Based on Mean Absolute Deviation.

We propose a general estimation principle based on the assumption that instrumental variables (IV) do not explain the error term in a structural equation. The estimators based on the principle is inde- pendent of the normalization constraint, unlike the IV estimators.

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Year of publication:	1998
Authors:	Sakata, S.
Institutions:	Michigan - Center for Research on Economic & Social Theory
Subject:	EVALUATION \| INSTRUMENTAL VARIABLES

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Series:	Michigan - Center for Research on Economic & Social Theory.
Type of publication:	Book / Working Paper
Notes:	58 pages
Classification:	C20 - Econometric Methods: Single Equation Models. General ; C23 - Models with Panel Data ; C50 - Econometric Modeling. General ; C51 - Model Construction and Estimation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005646592