Explore the fundamentals of Instrumental Variable (IV) Estimation in this 25-minute lecture. Delve into the concept of endogenous explanatory variables and understand the various reasons for endogeneity. Learn about the essential conditions required for effective IV implementation. Gain valuable insights into this crucial econometric technique used to address issues of endogeneity in statistical analysis.
Overview
Syllabus
Instrumental Variable Estimation - Part I
Taught by
NPTEL-NOC IITM