Instrumental variables: an econometrician's perspective

Autores: Guido W. Imbens
Localización: Statistical science, ISSN 0883-4237, Vol. 29, Nº. 3, 2014, págs. 323-358
Idioma: inglés
DOI: 10.1214/14-sts480
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Resumen
- I review recent work in the statistics literature on instrumental variables methods from an econometrics perspective. I discuss some of the older, economic, applications including supply and demand models and relate them to the recent applications in settings of randomized experiments with noncompliance. I discuss the assumptions underlying instrumental variables methods and in what settings these may be plausible. By providing context to the current applications, a better understanding of the applicability of these methods may arise.