Weak Instruments: An Overview and New Techniques
I 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.
|Date of creation:||23 Jul 2006|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.stata.com/meeting/5nasug|
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