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On the equivalence of indirect inference and bootstrap bias correction for linear IV estimators
Authors:Tak Wai Chau
Institution:Shanghai University of Finance and Economics, China; Key Laboratory of Mathematical Economics (SUFE), Ministry of Education, China
Abstract:This note shows that two ways of simulation based bias correction–indirect inference and bootstrap bias correction–are equivalent for two-stage-least-squares, as well as kk-class estimators for the standard linear model with endogenous regressors.
Keywords:C13  C15  C36
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