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On the Interpretation of Instrumental Variables in the Presence of Specification Errors: A Reply

Author

Listed:
  • P.A.V.B. Swamy

    (Federal Reserve Board (Retired), 6333 Brocketts Crossing, Kingstowne, VA 22315, USA)

  • Stephen G. Hall

    (Department of Economics, Leicester University, University Road, Leicester LEI 7RH, UK
    Bank of Greece, 21 El. Venizelos Ave. 102 50, Athens, Greece)

  • George S. Tavlas

    (Department of Economics, Leicester University, University Road, Leicester LEI 7RH, UK
    Bank of Greece, 21 El. Venizelos Ave. 102 50, Athens, Greece)

  • Peter Von zur Muehlen

    (Federal Reserve Board (Retired), Washington, DC 20551, USA)

Abstract

We appreciate the effort and thoughtfulness of Raunig’s (2017) attempted critique of Swamy et al. (2015).[...]

Suggested Citation

  • P.A.V.B. Swamy & Stephen G. Hall & George S. Tavlas & Peter Von zur Muehlen, 2017. "On the Interpretation of Instrumental Variables in the Presence of Specification Errors: A Reply," Econometrics, MDPI, vol. 5(3), pages 1-3, July.
    • Handle: RePEc:gam:jecnmx:v:5:y:2017:i:3:p:32-:d:105097
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    References listed on IDEAS

    as
    1. Basmann, R. L., 1988. "Causality tests and observationally equivalent representations of econometric models," Journal of Econometrics, Elsevier, vol. 39(1-2), pages 69-104.
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    Cited by:

    1. MOHAJAN, Haradhan Kumar, 2017. "Two Criteria For Good Measurements In Research: Validity And Reliability," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 17(4), pages 59-82.

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