Econometrics II. Lecture 6. Instrumental Variables Regression. Part 2

In this lecture we discuss the estimation of 2SLS regression and related statistical tests

00:00 Introduction
09:38 Statistical inference in IV regression
14:35 Empirical example
29:46 General IV model
32:20 Identification
37:40 IV estimation with control variables
54:33 IV estimation with several indigenous regressors
59:24 Instrument relevance. Weak instruments
1:07:58 Instrument exogeneity. J-test of overidentifying restrictions

The course "Econometrics II" for the 3rd year bachelors in Economics
Taught at BRICS institute, Irkutsk National Research Technical University, Winter semester 2022