This paper extends the usual Instrumental Variables estimator of the parameters of a linear regression involving stochastic regressors to the case where these parameters are subject to exact linear ...

The estimation of economic relationships often confronts the challenge of weak instruments – variables that are only weakly correlated with endogenous regressors. Such weakness can lead to substantial ...

Several of the estimation methods supported by PROC MODEL are instrumental variables methods. There is no standard method for choosing instruments for nonlinear regression. Few econometric textbooks ...

A frequent problem in the estimation of linear regression models is that the predictors are correlated with the error term contained in the regression equation. To ...

This paper estimates the effects of offshoring on productivity in U.S. manufacturing industries between 1992 and 2000, using instrumental variables estimation to address the potential endogeneity of ...

The first form of the INSTRUMENTS statement is used only before a FIT statement and defines the default instruments list. The items specified as instruments can be variables or the special keyword ...