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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 7
In their study of the effectiveness of cardiac catheterization, McClellan McNeil, and Newhouse (1994) used as an instrument the difference in distance to cardiac catheterization and regular hospitals. How could you determine whether this instrument is relevant How could you determine whether this instrument is exogenous
Explanation
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To test whether instrument is relevant o...
Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
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