Endogeneity bias modeling using observables

Galvao Jr, A. F., Montes-Rojas, G. & Song, S. (2017). Endogeneity bias modeling using observables. Economics Letters, 152, pp. 41-45. doi: 10.1016/j.econlet.2016.12.021

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Abstract

This paper proposes an alternative solution to the endogeneity problem by explicitly modeling the joint interaction of the endogenous variables and the unobserved causes of the dependent variable as a function of additional observables. We derive identification of the parameters, develop an estimator, and establish its consistency and asymptotic normality.

Item Type: Article
Additional Information: publisher: Elsevier articletitle: Endogeneity bias modeling using observables journaltitle: Economics Letters articlelink: http://dx.doi.org/10.1016/j.econlet.2016.12.021 content_type: article copyright: © 2016 Elsevier B.V. All rights reserved.
Uncontrolled Keywords: Endogeneity; Instrumental variables; Proxy variables
Subjects: H Social Sciences > HB Economic Theory
Divisions: School of Social Sciences
URI: http://openaccess.city.ac.uk/id/eprint/16360

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