Working Paper: NBER ID: w19983
Authors: Guido W. Imbens
Abstract: I review recent work in the statistics literature on instrumental variables methods from an econometrics perspective. I discuss some of the older, economic, applications including supply and demand models and relate them to the recent applications in settings of randomized experiments with noncompliance. I discuss the assumptions underlying instrumental variables methods and in what settings these may be plausible. By providing context to the current applications a better understanding of the applicability of these methods may arise.
Keywords: No keywords provided
JEL Codes: C01
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| Instrumental Variables (C36) | Address Selection Problem (C78) |
| Weather Conditions (Q54) | Supply of Fish (Q22) |
| Supply of Fish (Q22) | Prices and Quantities Traded (E39) |
| Weather Conditions (Q54) | Prices and Quantities Traded (E39) |
| Instrumental Variables (C36) | Causal Effects of Treatments on Outcomes (C22) |