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QUESTION
(Q2) Using one example from your textbook (Introduction To Econometrics by James H. Stock), describe econometric studies which required instrumental...
(Q2) Using one example from your textbook (Introduction To Econometrics by James H. Stock), describe econometric studies which requiredinstrumental variable techniques. Emphasize why the need for instrumental variables arises andhow authors have approached the problem. Make sure to include a discussion of overidentification,the validity of instruments.
