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Endogeneity bias modeling using observables

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

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.

Publication 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.
Publisher Keywords: Endogeneity; Instrumental variables; Proxy variables
Subjects: H Social Sciences > HB Economic Theory
Departments: School of Arts & Social Sciences
URI: http://openaccess.city.ac.uk/id/eprint/16360
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