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st: Bootstrapped errors valid?
Hi All,
I am considering the following regression but I am unsure of the validity of
using bootstrapped errors. I would appreciate any comments anyone has.
I am running an instrumental variables panel regression using random effects
[ xtivreg ..., re]. I believe that the variable to be instrumented is drawn
from a Poisson distribution so I would like to find a way to correct for
this. I had thought of using bootstrapped errors as a way to be robust to
the possible misspecification. Is this valid or is there some way to test if
it is valid?
thanks in advance
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