Reducing the Asymptotic Bias of Weak Instruments Estimation Using Independently Repeated Cross-sectional Information

We show that independently repeated cross-sectional data can reduce the asymptotic bias when instruments are weakly correlated to the endogenous variables. When both N and T go to infinite, we can obtain consistent estimators even if instruments are weak.

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Year of publication:	2013-10-14
Authors:	Cai, Zongwu ; Fang, Ying
Subject:	Bias reduction \| Weak instruments \| Panel data

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Series:	Working Paper.
Type of publication:	Book / Working Paper
Notes:	published Number 2013-10-14
Classification:	C13 - Estimation ; C33 - Models with Panel Data
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010892070