Statements (28)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
statistical analysis
estimation technique |
| gptkbp:abbreviation |
gptkb:2SLS
|
| gptkbp:appliesTo |
finance
social sciences health economics |
| gptkbp:assumes |
valid instruments
exogeneity of instruments relevance of instruments |
| gptkbp:book |
regress dependent variable on predicted values
|
| gptkbp:category |
linear regression
|
| gptkbp:developedBy |
gptkb:Basmann
gptkb:Theil |
| https://www.w3.org/2000/01/rdf-schema#label |
Two-Stage Least Squares
|
| gptkbp:introducedIn |
1950s
|
| gptkbp:limitation |
inefficiency if instruments are weak
sensitive to instrument validity |
| gptkbp:numberOfStages |
regress endogenous variables on instruments
|
| gptkbp:output |
consistent estimators
asymptotically normal estimators |
| gptkbp:relatedTo |
gptkb:Generalized_Method_of_Moments
gptkb:Ordinary_Least_Squares |
| gptkbp:solvedBy |
endogeneity problem
|
| gptkbp:usedFor |
simultaneous equations models
instrumental variable estimation |
| gptkbp:usedIn |
econometrics
|
| gptkbp:bfsParent |
gptkb:LIML
|
| gptkbp:bfsLayer |
6
|