On 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.
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Econometrics, 2017, 5(3), 32Author affiliation
/Organisation/COLLEGE OF SOCIAL SCIENCES, ARTS AND HUMANITIES/Department of EconomicsVersion
- VoR (Version of Record)
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EconometricsPublisher
MDPIissn
2225-1146eissn
2225-1146Acceptance date
2017-07-03Copyright date
2017Available date
2017-08-05Publisher DOI
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http://www.mdpi.com/2225-1146/5/3/32Language
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