Enhanced Routines for Instrumental Variables/Generalized Method of Moments Estimation and Testing

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

1,243 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/7590bf6d2f8f889915708db4708a1f8b9fe31378

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In Economics and Econometrics

Citations in the corpus

Fast and wild: Bootstrap inference in Stata using boottest (2018, methodology): “However, another popular implementation of multiway clustering, ivreg2 (Baum, Schaffer, and Stillman, 2007), takes the largest of mG, mH , and mGH and uses it in place of all three.”
Entrepreneurship, Firm Entry, and the Taxation of Corporate Income: Evidence from Europe (2011, neutral): “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.”
On making causal claims: A review and recommendations (2010, background): “Both these tests are easily implemented in Stata (see StataCorp, 2009), our software of choice.”
Smallholder productivity and weather shocks: Adoption and impact of widely promoted agricultural practices in Tanzania (2017, methodology): “5We used the Baum et al. (2007)’s ivreg2 Stata command for practical implementation.”
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).”
Extreme Weather and Civil War: Does Drought Fuel Conflict in Somalia through Livestock Price Shocks? (2014, neutral): “…Wald F-statistic rejects the null hypothesis of weak identification at the common confidence level, thus confirming the strength of the instruments (Baum, Schaffer, and Stillman 2007; Kleibergen and Paap 2006; Stock and Yogo 2005).24 Furthermore, the identification strategy is based on the…”
Show Me the Right Stuff: Signals for High Tech Startups (2013, positive): “As a robustness check we proceeded to partialing out the time dummies as suggested by Baum et al. (2007) and obtained the same qualitative results as if we had clustered standard errors by company only.”