Instrumental Variables
Book Details
Format
Hardback
Book Series
Econometric Society Monographs
ISBN-10
0521262410
ISBN-13
9780521262415
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
US
Country of Publication
GB
Publication Date
Jan 25th, 1985
Weight
492 grams
Product Classification:
Econometrics
KSh 6,450.00
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0 in stock
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This book will be useful for advanced undergraduates and graduates, and be a source of reference for researchers in econometrics and statistics.
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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