Avoiding the Pitfalls of Instrumental Variables Estimation with Few or Many Instruments
Author:
- Michael P. MurrayMMMichael P. Murray
Preprint
- 1 January 2011
- preprint
- Published by Elsevier in SSRN Electronic Journal
Abstract
Instrumental variables estimation can, in principle, avoid biases that ordinary least squares estimation suffers when explanatory variables are correlated withKeywords
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