Why the need for instrumental variables arises


Using one example from your textbook (Introduction To Econometrics by James H. Stock), describe econometric studies which required instrumental variable techniques. Emphasize why the need for instrumental variables arises and how authors have approached the problem. Make sure to include a discussion of overidentification, the validity of instruments.

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Why the need for instrumental variables arises
Reference No:- TGS040119

Expected delivery within 24 Hours