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Recent advances in establishing the nature and scope of estimators in econometrics have shed more light on the importance of instrumental variables. In this book, the authors argue that such methods may be regarded as a strong organizing principle for a wide variety of estimation and hypothesis testing problems in econometrics and statistics. In support of this claim they present and develop the methodology of instrumental variables in its most general and explanatory form. They show, for instance, that techniques commonly used to handle simultaneity and related problems can be reduced to one of two generic variables of instrumental variables estimators, allowing them to explore further the conditions under which different proposed estimators are efficient.

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Book Details

ISBN: 9780521385824
ISBN-10: 0521385822
Format: Paperback
(228mm x 152mm x 14mm)
Pages: 236
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 26-Jan-1990
Country of Publication: United Kingdom

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