| Tanboon, S: Rainfall and Weak Instruments |
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Income is a key regressor in many economic applications, but it is almost always not exogenous. Given that rainfall is externally provided by nature and that it is also correlated with income in the rural setting, rainfall shocks seem to be the perfect instrument in two-stage least squares estimation. This book examines the validity and refinement of the use of rainfall variables as instruments for transitory income in the context of weak instruments.
Kategorie: Books
Hersteller: VDM
83,90 CHF
Lieferzeit: 1-2 Werktagen |
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