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On the Interpretation of Instrumental Variables in the Presence of Specification Errors: A Reply

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journal contribution
posted on 2019-09-13, 11:09 authored by P. A. V. B. Swamy, Stephen G. Hall, George S. Tavlas, Peter Von zur Muehlen
[First paragraph] We appreciate the effort and thoughtfulness of Raunig’s (2017) attempted critique of Swamy et al. (2015). As we show below, however, it is based on a misunderstanding of the distinction between simultaneous and recursive modeling.

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Citation

Econometrics 2017, 5(3), 32;

Author affiliation

/Organisation/COLLEGE OF SOCIAL SCIENCES, ARTS AND HUMANITIES/School of Business

Version

  • VoR (Version of Record)

Published in

Econometrics 2017

Publisher

MDPI

issn

2225-1146

Acceptance date

2017-07-12

Copyright date

2017

Available date

2019-09-13

Publisher version

https://www.mdpi.com/2225-1146/5/3/32

Notes

Reply of Econometrics 2015, 3(1), 55-64. Reply of Econometrics 2017, 5(3), 31.

Language

en

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