On adding over-identifying instrumental variables to simultaneous equations

C-Tier
Journal: Economics Letters
Year: 2011
Volume: 111
Issue: 1
Pages: 68-70

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

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

Abstract

Reducing the number of over-identifying instruments, or adding them to a structural equation, increases estimation dispersion. Added instruments should be insignificant under correct specification, with parameter estimates nearly unaffected, confirmed by Monte Carlo. Selecting instruments does not affect these results.

Technical Details

RePEc Handle
repec:eee:ecolet:v:111:y:2011:i:1:p:68-70
Journal Field
General
Author Count
1
Added to Database
2026-02-02