Enhanced routines for instrumental variables/GMM estimation and testing

By Christopher F. Baum, Mark E. Schaffer, S. Stillman. 2007

635 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/13681a8a9a1abd1e20f09c85984957a5aafc5e96

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Citations in the corpus

External Knowledge and Information Technology: Implications for Process Innovation Performance (2017, background): “Finally, we test the null hypothesis that the specified endogenous regressors can actually be treated as exogenous (Baum et al. 2007).”
Incentives, Targeting and Firm Performance: An Analysis of Non-Executive Stock Options (2010, methodology): “…such theory does not necessarily imply that the firm average delta 32 Because critical values are derived under assumptions of homoskedasticity, Baum, Schaffer, and Stillman (2007) suggest that while using the rk Wald statistic as the robust analog of the Cragg-Donald statistic is sensible,…”
Entrepreneurship, Firm Entry, and the Taxation of Corporate Income: Evidence from Europe (2011, methodology): “Baum et al. (2007) suggest reporting the Kleibergen-Paap statistic (Kleibergen and Paap (2006)) as the robust analog of the CraggDonald statistic, and to use with caution the critical values computed by Stock and Yogo, since critical values for this statistic are not available.”
Processing Trade, Tariff Reductions and Firm Productivity: Evidence from Chinese Firms (2015, unknown): “In this case, Baum et al. (2007) suggest that one can safely adopt 10 as a critical value as initiated by Staiger and Stock (1997).”
Imported Intermediate Inputs and Domestic Product Growth: Evidence from India (2009, unknown): “This estimator is more efficient than the two stage least squares estimator (TSLS) and also less prone to potential problems with weak instruments when there are multiple instruments [see Baum et al. (2007) and Stock et al. (2002)].”
The Effect of Grandparental Support on Mothers’ Labour Market Participation: An Instrumental Variable Approach (2014, unknown): “9 We used the ivreg2 command in STATA (Baum et al. 2007).”
Estimating flight-level price elasticities using online airline data: A first step toward integrating pricing, demand, and revenue optimization (2014, methodology): “To estimate the 2SLS model, we used the statistical software Stata 10 (StataCorp, 2007) and the enhanced estimation routine ivreg2 (Baum et al., 2007, 2010a).”
Does the presence of independent and female directors impact firm performance? A multi-country study of board diversity (2016, methodology): “To determine whether these variables are endogenous, we apply the GMM C statistic (Baum et al. 2007).”