Econometrics II. Lecture 5. Instrumental Variables Regression. Part 1
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YouTubetea4erman
Econometrics II. Lecture 5. Instrumental Variables Regression. Part 1
In this lecture we introduce the idea of instrumental variables regression that helps researchers to estimate causal effects when OLS assumptions fail 00:00 Introduction 01:12 Threats to internal validity 09:25 Simultaneous causality 19:55 Instrumental variables 28:18 Two stage least squares estimator 37:20 Derivation of TSLS estimator 40:22 ...
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