A comparison of bias approximations for the two-stage least squares (2SLS) estimator

C-Tier
Journal: Economics Letters
Year: 2011
Volume: 113
Issue: 1
Pages: 76-79

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

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

Abstract

We consider the bias of the two-stage least squares (2SLS) estimator in linear instrumental variable regression with only one endogenous regressor. By using asymptotic expansion techniques, we approximate the 2SLS coefficient estimation bias under various scenarios regarding the number and strength of instruments.

Technical Details

RePEc Handle
repec:eee:ecolet:v:113:y:2011:i:1:p:76-79
Journal Field
General
Author Count
2
Added to Database
2026-01-25