Weak Instruments: An Overview and New Techniques
AbstractI review existing literature on weak instruments (possibly with multiple endogenous variables), and the research in progress by Jim Stock and others. I demonstrate the use of tests for weak instruments, and present a new graphical technique for presenting coefficient estimates that allows for hypothesis testing (using Anderson-Rubin-style test statistics) in the presence of weak instruments.
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Bibliographic InfoPaper provided by Stata Users Group in its series North American Stata Users' Group Meetings 2006 with number 3.
Date of creation: 23 Jul 2006
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-08-05 (All new papers)
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- Christopher F Baum, 2006. "An Introduction to Modern Econometrics using Stata," Stata Press books, StataCorp LP, number imeus, July.
- Austin Nichols, 2007. "Review of An Introduction to Modern Econometrics Using Stata by Baum," Stata Journal, StataCorp LP, vol. 7(1), pages 131-136, February.
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