On the Interpretation of Instrumental Variables in the Presence of Specification Errors: A Reply
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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Econometrics 2017, 5(3), 32;Author affiliation
/Organisation/COLLEGE OF SOCIAL SCIENCES, ARTS AND HUMANITIES/School of BusinessVersion
- VoR (Version of Record)
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Econometrics 2017Publisher
MDPIissn
2225-1146Acceptance date
2017-07-12Copyright date
2017Available date
2019-09-13Publisher DOI
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https://www.mdpi.com/2225-1146/5/3/32Notes
Reply of Econometrics 2015, 3(1), 55-64. Reply of Econometrics 2017, 5(3), 31.Language
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