Opening book details…
Can I read Assessing the Credibility of Instrumental Variables Inference with Imperfect Instruments via Sensitivity Analysis on EtoBox?
Assessing the Credibility of Instrumental Variables Inference with Imperfect Instruments via Sensitivity Analysis by Richard Ashley is a Economics, Econometrics and Finance article available to read on EtoBox.
What is Assessing the Credibility of Instrumental Variables Inference with Imperfect Instruments via Sensitivity Analysis about?
## Abstract Consistent instrumental variables (IV) estimation requires instruments uncorrelated with model errors, but this assumption is usually both suspect and untestable. Here the asymptotic sampling distribution of the IV parameter estimator is derived for any specified instrument‐error covariance vector. This result makes it possible to quantify the sensitivity of any particular IV inference result to instrument‐error correlations, allowing one to assess the robustness of such inferential conclusions to uncertainty in the validity of the instruments. An application illustrating the value of this sensitivity analysis is given to a study by Acemoglu __et al.__ (2001). Copyright © 2009 John Wiley & Sons, Ltd.
Who reads Assessing the Credibility of Instrumental Variables Inference with Imperfect Instruments via Sensitivity Analysis?
It is typically read by researchers, students, and practitioners in Economics, Econometrics and Finance.
- Author
- Richard Ashley
- Publisher
- John Wiley and Sons; Wiley (John Wiley & Sons); John Wiley & Sons Inc.; Wiley (ISSN 0883-7252)
- Published
- 2009
- Language
- EN
- Field
- Economics, Econometrics and Finance (Social Sciences)