Simple many-instruments robust standard errors through concentrated instrumental variables
Paul Bekker and
Economics Letters, 2016, vol. 149, issue C, 52-55
In a weak and many instruments setting, 2SLS can be severely biased towards OLS and the standard errors can be way too small. LIML is an attractive alternative, especially when the many-instruments robust (MIR) standard errors are used as proposed by Bekker (1994).
Keywords: LIML; Weak instruments; Concentrated instruments (search for similar items in EconPapers)
JEL-codes: C2 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:149:y:2016:i:c:p:52-55
Access Statistics for this article
Economics Letters is currently edited by Economics Letters Editorial Office
More articles in Economics Letters from Elsevier
Series data maintained by Dana Niculescu ().