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On the interpretation of instrumental variables in the presence of specification errors: a reply

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posted on 2017-07-04, 10:33 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 Burkhard Raunig’s 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/Department of Economics

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  • VoR (Version of Record)

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Econometrics

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MDPI

issn

2225-1146

eissn

2225-1146

Acceptance date

2017-07-03

Copyright date

2017

Available date

2017-08-05

Publisher version

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

Language

en

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