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ERRORS IN VARIABLES IN ECONOMETRICS: NEW DEVELOPMENTS AND RECURRENT THEMES *
Author(s) -
BEKKER P.A.,
WANSBEEK T.J,
KAPTEYN A.
Publication year - 1985
Publication title -
statistica neerlandica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.52
H-Index - 39
eISSN - 1467-9574
pISSN - 0039-0402
DOI - 10.1111/j.1467-9574.1985.tb01133.x
Subject(s) - instrumental variable , identification (biology) , econometrics , errors in variables models , mathematics , observational error , variables , computer science , statistics , botany , biology
The paper reviews some old and new approaches to the analysis of linear models with errors in variables. The emphasis is on the identification problems that usually arise in errors–in–variables models and on the various types of additional information that econometricians have invoked to be able to estimate parameters consistently. The approaches discussed include instrumental variables, grouping, simultaneous equations, multiple equations and bounds on measurement error variances.