Bootstrap and Higher-Order Expansion Validity When Instruments May Be Weak
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下载链接：
https://www.nber.org/papers/t0302
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资源简介：
It is well-known that size-adjustments based on Edgeworth expansions for the t-statistic perform poorly when instruments are weakly correlated with the endogenous explanatory variable. This paper shows, however, that the lack of Edgeworth expansions and bootstrap validity are not tied to the weak
提供机构：
美国国家经济研究局
创建时间：
2004-11-01
