Description
The aim of the 2SLS Video Tutorial Series is to make the theory, estimation and goodness of fit of 2SLS models clear and accessible to everyone. The tutorials dive deep into the inner workings of the 2SLS model using suitable examples and quizzes to make everything easy to understand. The tutorials cover the following topics in detail:
- Meaning of Simultaneous Equation Bias
- Cause and Consequence of the Bias
- Problem of Identification in Simultaneous Equation Models
- Order and Rank Conditions of Identification
- Application of Order and Rank Conditions with example
- 2SLS Theory
- Stage-1 and Stage-2 of 2SLS
- Benefits of 2SLS over OLS
- Things to watch out for when applying 2SLS
- 2SLS Estimation in R
- 2SLS Estimation in Stata
- Test of Endogeneity
- Sargan Test of Overidentifying Restrictions
- Test of Weak Instruments
- Application of Goodness of fit in R and Stata
Course Instructor
2SLS Video Tutorial Series
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