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Historical Econometrics: Instrumental Variables and Regression Discontinuity Designs

Felipe Valencia Caicedo

No 15208, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This chapter surveys the usage of Instrumental Variables (IVs) and Regression Discontinuity Designs (RDDs) in economic history. I document the positive trends of economic history articles employing these methods using three different samples: top 20 journals in economics, top 5 journals in economic history and top five general interest journals in economics from 2000-2020. I detail two broad phases: seminal articles published from 2001 to 2011, and a second wave of studies refining these techniques appearing from 2012 to today (2020). I discuss some methodological refinements that have appeared recently in the econometrics field—in the IV and RDD fronts. I then present a practical guide on regression diagnostics, acknowledging that there are other useful sources of identification available to tackle potential endogeneity issues.

Keywords: Economic history; Econometrics; Instrumental variables; Regression discontinuity designs; Survey (search for similar items in EconPapers)
JEL-codes: A33 C1 C26 C36 N01 (search for similar items in EconPapers)
Date: 2020-08
New Economics Papers: this item is included in nep-cwa, nep-ecm and nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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