Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/171816
Authors: 
Swamy, P. A. V. B.
Tavlas, George S.
Hall, Stephen G.
Year of Publication: 
2015
Citation: 
[Journal:] Econometrics [ISSN:] 2225-1146 [Volume:] 3 [Year:] 2015 [Issue:] 1 [Pages:] 55-64
Abstract: 
The method of instrumental variables (IV) and the generalized method of moments (GMM), and their applications to the estimation of errors-in-variables and simultaneous equations models in econometrics, require data on a sufficient number of instrumental variables that are both exogenous and relevant. We argue that, in general, such instruments (weak or strong) cannot exist.
Subjects: 
instrumental variables
generalized method of moments
random coefficient models
JEL: 
C11
C13
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/4.0/
Document Type: 
Article

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