econometrics-05-00032-v2.pdf (181.18 kB)
Download fileOn the interpretation of instrumental variables in the presence of specification errors: a reply
journal contribution
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.
History
Citation
Econometrics, 2017, 5(3), 32Author affiliation
/Organisation/COLLEGE OF SOCIAL SCIENCES, ARTS AND HUMANITIES/Department of EconomicsVersion
- VoR (Version of Record)