Instrumental Variables Estimation in Misspecified Single Equations

B-Tier
Journal: Econometric Theory
Year: 1995
Volume: 11
Issue: 3
Pages: 498-529

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper examines the exact sampling behavior of a family of instrumental variables estimators of the coefficients in a single structural equation when the model has been misspecified by the incorrect inclusion or exclusion of variables. It is found that such specification errors can have implications for the structure of the exact results obtained. A brief numerical examination of the analytical results is also provided.

Technical Details

RePEc Handle
repec:cup:etheor:v:11:y:1995:i:03:p:498-529_00
Journal Field
Econometrics
Author Count
1
Added to Database
2026-01-29