• Title of article

    The asymptotic distribution of the instrumental variable estimators when the instruments are not correlated with the regressors

  • Author/Authors

    Chirok Han، نويسنده , , Peter Schmidt، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 2001
  • Pages
    6
  • From page
    61
  • To page
    66
  • Abstract
    When the instruments are irrelevant, the IV estimator is neither consistent nor asymptotically normal. This paper calculates the mean of its asymptotic distribution and shows that it equals the probability limit of the OLS estimator
  • Keywords
    Instrumental variables , Irrelevant instruments , Weak instruments
  • Journal title
    Economics Letters
  • Serial Year
    2001
  • Journal title
    Economics Letters
  • Record number

    434843

    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=10&DC=434843