Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5061436 | Economics Letters | 2010 | 4 Pages |
Abstract
The present paper suggests a new way to carry out IV estimation with many instruments. Our suggestion is to cross-sectionally average the instruments and use these averages as instruments. We provide a theoretical and Monte Carlo analysis of this approach.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
George Kapetanios, Massimiliano Marcellino,