Question: you extended the work reported in Acemoglu, Johnson, and Robinson (2001). Consider the 2SLS regression (12.88). Compute the standard errors both by the asymptotic formula

you extended the work reported in Acemoglu, Johnson, and Robinson

(2001). Consider the 2SLS regression (12.88). Compute the standard errors both by the asymptotic formula and by the bootstrap using a large number (10,000) of bootstrap replications. Re-calculate the bootstrap standard errors. Comment on the reliability of bootstrap standard errors for IV regression.

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