On the interpretation of instrumental variables in the presence of specification errors: a causal comment

Media type: E-Article
Title: On the interpretation of instrumental variables in the presence of specification errors : a causal comment
Contributor: Raunig, Burkhard [Author]; Swamy, Paravastu A. V. B. [Bibliographic antecedent]; Tavlas, George S. [Bibliographic antecedent]; Hall, Stephen G. [Bibliographic antecedent]
Published: September 2017
Published in: Econometrics ; 5(2017), 3 vom: Sept., Seite 1-6
Language: English
DOI: 10.3390/econometrics5030031
Identifier:

Keywords: Aufsatz in Zeitschrift
Origination:
Footnote:
Description: Swamy et al. (2015) argue that valid instruments cannot exist when a structural model is misspecified. This note shows that this is not true in general. In simple examples valid instruments can exist and can help to estimate parameters of interest.
Access State: Open Access

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