Testing the validity of instruments in an exactly identified equation Online publication date: Mon, 09-Apr-2018
by Marco Ventura
International Journal of Computational Economics and Econometrics (IJCEE), Vol. 8, No. 2, 2018
Abstract: Whenever the number of instruments equals the number of endogenous variables testing the validity of the instruments is not a feasible task. Based on recent econometric developments (Lewbel, 2012), this paper aims at spreading among applied economists and econometricians an empirical strategy to overcome this setback, thus sidestepping the exact identification problem.
Online publication date: Mon, 09-Apr-2018
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