Recent Applications of Generalized Instrumental Variable Models

• 발행기관: 서울대학교 경제연구소
• 저자명: Dongwoo Kim
• 간행물 정보: 『Seoul Journal of Economics』Volume 38 No.1, 51~68쪽, 전체 18쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2025.02.28

국문 초록

This study comprehensively reviews recent developments in the application of the generalized instrument variable (GIV) framework introduced by Chesher and Rosen (2017, Econometrica). The GIV framework effectively derives sharp bounds (equivalent to identified sets) in incomplete models. Focusing on limited dependent variable models with endogeneity, this study demonstrates the application of general identification results to obtain the identified set in specific settings. Moreover, practical implementation challenges that may arise are discussed, and potential strategies for overcoming them are highlighted in empirical research.

목차

I. Introduction

II. GIV model framework

III. Recent applications

IV. Practical implementations and challenges

V. Conclusions

References

키워드

GIV model Partial identification Moment inequalities Identified set Sharp bounds Subvector inference