Search Results - subject:"Instrumental Variables."

Tenreyro, Silvana; Barro, Robert J. - 2021

This paper develops a new instrumental-variable (IV) approach to estimate the effects of different exchange rate regimes on bilateral outcomes. The basic idea is that the characteristics of the exchange rate regime between two countries (exchange rate variability, fixed or float, autonomous or...

Persistent link: https://www.econbiz.de/10013233440

Testing for Weak Instruments in Linear IV Regression

Stock, James H.; Yogo, Motohiro - 2021

Weak instruments can produce biased IV estimators and hypothesis tests with large size distortions. But what, precisely, are weak instruments, and how does one detect them in practice? This paper proposes quantitative definitions of weak instruments based on the maximum IV estimator bias, or the...

Persistent link: https://www.econbiz.de/10013233779

Instrumental Variables Estimation of Quantile Treatment Effects

Abadie, Alberto; Angrist, Joshua D.; Imbens, Guido - 2021

This paper introduces an instrumental variables estimator for the effect of a binary treatment on the quantiles of …

Persistent link: https://www.econbiz.de/10013215680

Returns to Routine Job Tasks in the German Labour Market : An Instrumental Variables Approach

Mihaylov, Emil - 2021

model specifications, different definitions of the endogenous and instrumental variables, and different sample selection …

Persistent link: https://www.econbiz.de/10013217077

Comparison of local projection estimators for proxy Vector Autoregressions

Bruns, Martin; Lütkepohl, Helmut - 2021

Different local projection (LP) estimators for structural impulse responses of proxy vector autoregressions are reviewed and compared algebraically and with respect to their small sample suitability for inference. Conditions for numerical equivalence and similarities of some estimators are...

Persistent link: https://www.econbiz.de/10012520028

The Effects of Private Insurance on Measures of Health : Evidence from the Health and Retirement Study

Dor, Avi; Sudano, Joseph J.; Baker, David W. - 2021

endogeneity of the insurance participation decision in health outcome regressions. Two models are tested, an instrumental … variables models, and a model with endogenous treatment effects due to Heckman (1978). Insurance participation and health …

Persistent link: https://www.econbiz.de/10013212565

Estimation of Limited-Dependent Variable Models with Dummy Endogenous Regressors : Simple Strategies for Empirical Practice

Angrist, Joshua D. - 2021

Applied economists have long struggled with the question of how to accommodate binary endogenous regressors in models with binary and non-negative outcomes. I argue here that much of the difficulty with limited-dependent variables comes from a focus on structural parameters, such as index...

Persistent link: https://www.econbiz.de/10013213450

Testing Overidentifying Restrictions with Many Instruments and Heteroskedasticity Using Regularized Jackknife IV

Carrasco, Marine; Doukali, Mohamed - 2021

This paper proposes a new overidentifying restrictions test in a linear model when the number of instruments (possibly weak) may be smaller or larger than the sample size n or even infinite in a heteroskedastic framework. The proposed J test combines two techniques: the Jackknife method and the...

Persistent link: https://www.econbiz.de/10013322676

Early Teen Marriage and Future Poverty

Dahl, Gordon B. - 2021

consequences, this paper uses an instrumental variables approach which takes advantage of variation in state laws regulating the …

Persistent link: https://www.econbiz.de/10013223609

Instrumental Variables Estimation of Average Treatment Effects in Econometrics and Epidemiology

Angrist, Joshua D. - 2021

linear instrumental variables. techniques to consistently estimate average treatment effects in qualitative or other … model is presented. The evidence suggests that linear instrumental variables estimators perform nearly as well as the … correctly specified maximum likelihood estimator. especially in large samples. Linear instrumental variables and the normal …

Persistent link: https://www.econbiz.de/10013231434