When there is a single instrument and single regressor, the TSLS estimator for the slope can be calculated as follows a. .
b. .
c. .
d. .
Correct Answer:
Verified
Q2: The TSLS estimator is
A)consistent and has a
Q4: Weak instruments are a problem because
A)the TSLS
Q7: If the instruments are not exogenous,
A)you cannot
Q9: When calculating the TSLS standard errors
A)you do
Q10: The conditions for a valid instruments
Q11: Consider a competitive market where the demand
Q12: The distinction between endogenous and exogenous variables
Q14: Instrument relevance a. means that the
Q16: The reduced form equation for X
A)regresses the
Q18: (requires Appendix material) The relationship between
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