Instrumental Variable Estimation Based on Mean Absolute Deviation

Shinichi Sakata ()

Working Papers from Michigan - Center for Research on Economic & Social Theory

Abstract: We propose a general estimation principle based on the assumption that instrumental variables (IV) do not explain the error term in a structural equation. The estimators based on the principle is inde- pendent of the normalization constraint, unlike the IV estimators.

Keywords: EVALUATION; INSTRUMENTAL VARIABLES (search for similar items in EconPapers)
JEL-codes: C20 C23 C50 C51 (search for similar items in EconPapers)
Pages: 58 pages
Date: 1998
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:michet:98-08

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