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Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
Edition 3ISBN: 978-9352863501Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
Edition 3ISBN: 978-9352863501 Exercise 5
In his study of the effect of incarceration on crime rates, suppose that Levitt had used the number of lawyers per capita as an instrument. Is this instrument relevant Is it exogenous Is it a valid instrument
Explanation
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A valid instrumental variable is a varia...
Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
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