Bundle: 2SLS and 3SLS

Description

This bundle includes access to all the lessons and quizzes in the 2SLS Video Tutorial Series and the 3SLS Video Tutorial Series. The tutorials in this bundle cover the following topics:

• Meaning of Simultaneous Equation Bias
• Cause and Consequence of the Bias
• Problem of Identification in Simultaneous Equation Models
• Rank and Order Conditions of Identification
• Application of Order and 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 and Stata
• 3SLS Theory
• Stage 1, Stage 2 and Stage 3 of 3SLS
• Things to Watch Out for when applying 3SLS
• 3SLS Estimation in R and Stata
• 3SLS vs 2SLS: when to apply which model?
• Hausman Specification Test for 3SLS
• Test of Endogeneity
• Sargan Test of Overidentifying Restrictions
• Test of Weak Instruments
• Application of everything in R and Stata