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Rainfall and Weak Instruments
Surach Tanboon
Rainfall and Weak Instruments
Surach Tanboon
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.
Media | Books Paperback Book (Book with soft cover and glued back) |
Released | November 6, 2008 |
ISBN13 | 9783639050363 |
Publishers | VDM Verlag Dr. Mueller e.K. |
Pages | 132 |
Dimensions | 185 g |
Language | English German |
See all of Surach Tanboon ( e.g. Paperback Book )