Problems with the Control Variable Approach in Achieving Unbiased Estimates in Nonlinear Models in the Presence of Many Instruments View Full Text


Ontology type: schema:ScholarlyArticle     


Article Info

DATE

2021-12-15

AUTHORS

Jinyong Hahn, Jerry Hausman

ABSTRACT

We present a pseudo-panel model and argue that the control variable approach is subject to the many instrument problem, since it uses the predicted value of the endogenous variable. We show how the bias can be analytically characterized. Finally, we demonstrate the problems of split sample cross fitting.

PAGES

39-58

Identifiers

URI

http://scigraph.springernature.com/pub.10.1007/s40953-021-00262-y

DOI

http://dx.doi.org/10.1007/s40953-021-00262-y

DIMENSIONS

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