Halvor Mehlum (halvor.mehlum@econ.uio.no)
Additional contact information
Halvor Mehlum: Dept. of Economics, University of Oslo, Postal: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway
Abstract: I derive the exact small sample properties of the instrumental variables estimator using a trigonometric approach. The distribution for the estimation error is decomposed into a product of three components - each with an intuitive interpretation. This approach helps the discussion on what underlies the exact shape of the estimator’s distribution and in particular the possibility of a bimodal distribution.
Keywords: Instrument; variable; estimator
JEL-codes: C30
14 pages, February 4, 2004
Full text files
Memo-03-2004.pdf
Questions (including download problems) about the papers in this series should be directed to Mari Strønstad Øverås (m.s.overas@econ.uio.no)
Report other problems with accessing this service to Sune Karlsson (sune.karlsson@oru.se).
RePEc:hhs:osloec:2004_003This page generated on 2024-09-13 22:16:44.