EconometricAnalysisofPanelDataPD七幻灯片.pptVIP

Econometric Analysis of Panel Data Instrumental Variables in Panel Data Assumptions of Instrumental Variables Fixed Effects Model Random Effects Model First Difference Model Instrumental Variables in Panel Data The Model with Random Regressors Instrumental Variables Instrumental variables can be obtained through use of exogenous regressors x1 in periods other than the current period, using the exogeneity assumption. Assumptions of Instrumental Variables Summation Assumption Exogenous variables X1 are included in Z. Z may include excluded exogenous variables (other than X1), al