How to find good instruments from your dataset when you have endogeneity in your model//panel data | endogeneity คือ

How to find good instruments from your dataset when you have endogeneity in your model//panel data


นอกจากการดูบทความนี้แล้ว คุณยังสามารถดูข้อมูลที่เป็นประโยชน์อื่นๆ อีกมากมายที่เราให้ไว้ที่นี่: ดูเพิ่มเติม

How to find good instruments for 2sls from your dataset if you have endogeneity problem in your mode?

To test whether the models of the study are affected by endogeneity, the Hausman test proposed by Davidson and Mackinnon (1993) was conducted.
To solve the endogeneity issue
• This utilises instrumental variables (IV), the twostage least square regression analysis.
The most common approach among researchers to resolve the issue of endogeneity is the instrumental variables approach.
• Coles et al., (2008) and McKnight and Weir (2009) suggest that the lagged value of the endogenous variables can be applied as proper instruments. Choi et al., (2013) use the two lagged values of the control variables as instruments in their study. Muttakin et al., (2015) regress the explanatory and control variables with instrumental variables.
• The assumption of the instrumental variables is that they should be associated with the endogenous independent variable and possess no direct link with the dependent variable.

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Coles, J. L., Daniel, N. D. and Naveen, L. (2008) ‘Boards: Does one size fit all?’, Journal of financial economics, 87(2), 329356.
McKnight, P. J. and Weir, C. (2009) ‘Agency costs, corporate governance mechanisms and ownership structure in the large UK publicly quoted companies: A panel data analysis’, The quarterly review of economics and finance, 49(2), 139158.
Choi, Lee, D. and Park, Y. (2013) ‘Corporate social responsibility, corporate governance and earnings quality: Evidence from Korea’, Corporate Governance: An International Review, 21(5), 447467.
Muttakin, M. B., Khan, A. and Azim, M. I. (2015) ‘Corporate social responsibility disclosures and earnings quality: Are they a reflection of managers’ opportunistic behaviour?’, Managerial Auditing Journal, 30(3), 277298.

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How to find good instruments  from your dataset when you have endogeneity in your model//panel data

The Logic of Instrumental Variables: Causal Inference Bootcamp


Here we describe the main idea behind instrumental variables analysis.
Part of Duke University’s Causal Inference Bootcamp: watch modules on this topic and much more at https://modu.ssri.duke.edu

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The Logic of Instrumental Variables: Causal Inference Bootcamp

Endogeneity lecture 1: What is an endogeneity problem?


This video is part of an online module for my course Basic Econometric at University of Gothenburg, Sweden.

Endogeneity lecture 1: What is an endogeneity problem?

Residual Analysis of Simple Regression


I take the ice cream sales vs. temp data, run a regression, and produce residual (and fitted values and standardized residuals output) and two residuals plots to check the assumptions of independence and constant variance. Since the data is a timeseries, one of the plots produced is residuals vs. time to check if independence over time is satisfied.

Residual Analysis of Simple Regression

โควิดสายพันธุ์ใหม่ Omicron B.1.1.529 น่ากังวลตัวใหม่ในรอบ 6 เดือน


โควิดสายพันธุ์ใหม่ Omicron B.1.1.529 น่ากังวลตัวใหม่ในรอบ 6 เดือน

โควิดสายพันธุ์ใหม่ Omicron B.1.1.529 น่ากังวลตัวใหม่ในรอบ 6 เดือน

นอกจากการดูหัวข้อนี้แล้ว คุณยังสามารถเข้าถึงบทวิจารณ์ดีๆ อื่นๆ อีกมากมายได้ที่นี่: ดูวิธีอื่นๆInvestement

4 thoughts on “How to find good instruments from your dataset when you have endogeneity in your model//panel data | endogeneity คือ”

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