Lecture 16 Instrumental Variables W14

Lecture 16 Instrumental Variables W14 - Instrumental...

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Instrumental Variables Econ 140A Winter 2014
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Goals Instrumental Variables Simultaneous Equation Systems
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Endogeneity-Review Endogeneity problem: RHS variable is correlated with error We now assume ? has a random component Have to use plims to prove whether or not OLS estimator is consistent (asymptotically unbiased)
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