1 / 14

Econometric Analysis

Econometric Analysis. Week 8 More on instrumental variables estimation and simultaneous equation models. Instrumental variables – brief review. Instrumental variables – brief review (2). Instrumental variables – brief review (3). Instrumental variables – brief review (4).

selina
Download Presentation

Econometric Analysis

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Econometric Analysis Week 8 More on instrumental variables estimation and simultaneous equation models

  2. Instrumental variables – brief review

  3. Instrumental variables – brief review (2)

  4. Instrumental variables – brief review (3)

  5. Instrumental variables – brief review (4)

  6. Simultaneous equation models

  7. Identification

  8. Identification continued In the above example we are assuming i (income) is exogenous So the supply equation is exactly identified but the demand equation is not identified.

  9. A note in passing on Vector Autoregressions

  10. Comments on Vector Autoregressions continued

  11. Identification and the number of instruments

  12. Testing instrument relevance

  13. Testing instrument exogeneity

  14. Problems with IV estimation

More Related