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Rainfall and Weak Instruments

Autor Surach Tanboon
de Limba Germană Paperback – 22 oct 2013
Income is a key regressor in many economic applications, but it is almost always not exogenous. Given that rainfall is externally provided by nature and that it is also correlated with income in the rural setting, rainfall shocks seem to be the perfect instrument in two-stage least squares estimation. This book examines the validity and refinement of the use of rainfall variables as instruments for transitory income in the context of weak instruments.
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Specificații

ISBN-13: 9783639050363
ISBN-10: 3639050363
Pagini: 132
Dimensiuni: 149 x 221 x 12 mm
Greutate: 0.19 kg
Editura: VDM Verlag Dr. Müller e.K.

Notă biografică

Surach Tanboon received a Ph.D. in economics from Stanford University. He is currently Senior Economist at the Bank of Thailand.