Sumários
Econometric Models with Endogenous Explanatory Variables
10 Outubro 2023, 19:30 • Joaquim Ramalho
Illustration 4 (questions 3.2-5)
Econometric Models with Endogenous Explanatory Variables
10 Outubro 2023, 18:00 • Joaquim Ramalho
3.
Econometric Models with Endogenous Explanatory Variables
3.1.
Endogeneity
3.1.1.
Definition and Consequences
3.1.2.
Motivation: Omitted Variables, Measurement Errors, Simultaneous Equations
3.1.3.
Solutions: Instrumental Variables, Panel Data
3.2.
Instrumental Variable Estimation
3.2.1.
Two-stage Least Squares (2SLS)
3.2.2.
Generalized Method of Moments (GMM)
3.3.
Specification Tests
3.3.1. Test
for the Exogeneity of an Explanatory Variable
3.3.2. Test
for the Exogeneity of the Instrumental Variables
3.3.3. Tests
for Correlation between Instrumental Variables and Explanatory Variables
Illustration
4 (questions 1-3.1)
Practical Exercises
3 Outubro 2023, 18:00 • Joaquim Ramalho
Illustration 1
(question 9)
Illustration 2