In his study of the effect of incarceration on crime rates, suppose Levitt had used the number

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In his study of the effect of incarceration on crime rates, suppose Levitt had used the number of lawyers per capita as an instrument. Would this instrument be relevant? Would it be exogenous? Would it be a valid instrument?

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Introduction To Econometrics

ISBN: 9780134461991

4th Edition

Authors: James Stock, Mark Watson

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Question Posted: May 02, 2024 03:52 AM

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In his study of the effect of incarceration on crime rates, suppose Levitt had used the number

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Introduction To Econometrics

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