Practical considerations for questionable IVs

Damian Clarke and Benjamín Matta ()
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Benjamín Matta: Universidad de Santiago de Chile

Stata Journal, 2018, vol. 18, issue 3, 663-691

Abstract: In this article, we examine several techniques that allow for the con- struction of bounds estimates based on instrumental variables, even when the instruments are not valid. We introduce the plausexog and imperfectiv com- mands, which implement methods described by Conley, Hansen, and Rossi (2012, Review of Economics and Statistics 94: 260–272) and Nevo and Rosen (2012b, Review of Economics and Statistics 94: 659–671). We examine the performance of these bounds under a range of circumstances, which leads to several practical results related to the informativeness of the bounds in different situations.

Keywords: plausexog; imperfectiv; instrumental variables; exclusion re- strictions; invalidity; plausibly exogenous; imperfect IVs (search for similar items in EconPapers)
Date: 2018
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Working Paper: Practical Considerations for Questionable IVs (2017)
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