Dear all
1) Is there anyone that has a simple example of a Monte Carlo code to
implement multiple regression IV?
Assume my IV model can be run as:
xtivreg2 y x1 x2 (x3 x4=z3 z4), bw(auto)
where y is the dependent variable; x1 and x2 are exogenous, x3 and x4
are endogenous and z3 and z4 are instruments.
2) Given finite sample, weak instruments, and more than one endogenous
variable is a Monte Carlo study of the OLS estimation superior to a
Monte Carlo study of IV estimation.
Thanks and be well
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