Instrument approval by the Sargan test and its consequences for coefficient estimation
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DOI: 10.1016/j.econlet.2021.109935
Abstract: Abstract Empirical econometric findings are often vindicated by supplementing them with the p-values of Sargan–Hansen tests for overidentifying restrictions, provided these exceed a chosen small nominal significance level. It is illustrated here that the probability… read more here.
Keywords: instrument approval; test consequences; approval sargan; consequences coefficient ... See more keywords