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Instrumental Variables: An Econometrician's Perspective

arXiv 1410.0163 ↗First posted 1 Oct 2014stat.MEcited by 15

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Abstract (arXiv)

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.

Key facts. Cited by 15 papers in the map (data through 7 Oct 2026). First posted on arXiv 1 Oct 2014.

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Citing papers per year: 2021: 1; 2022: 4; 2023: 4; 2024: 1; 2025: 4; 2026: 1.

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