Test of Endogeneity - SPUR ECONOMICS

Econometrics / Simultaneous Equation Models

Simultaneous Equation Bias

The OLS and other single equation models assume that variables treated as independent variables are exogenous. This implies a one-way relationship between independent and dependent variables. It is assumed that…

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January 11, 2023

Econometrics / Simultaneous Equation Models

Two-Stage Least Squares (2SLS) Estimation

The Two-Stage Least Squares or 2SLS is used to estimate simultaneous equation models or system of equations. 2SLS uses a single equation approach. This means that each equation in the…

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May 18, 2022

Econometrics / Simultaneous Equation Models

Test of Endogeneity: Durbin-Wu-Hausman Test

The Durbin-Wu-Hausman Test of Endogeneity is used to determine whether the endogenous regressors in a simultaneous equation model are truly endogenous. Simultaneous equation models include both endogenous and exogenous variables.…

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May 17, 2022

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