On the Practice of Lagging Variables to Avoid Simultaneity
On the Practice of Lagging Variables to Avoid Simultaneity
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Publisher
Oxford: Blackwell Publishing Ltd
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Language
English
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Publisher
Oxford: Blackwell Publishing Ltd
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Contents
A common practice in applied economics research consists of replacing a suspected simultaneously determined explanatory variable with its lagged value. This note demonstrates that this practice does not enable one to avoid simultaneity bias. The associated estimates are still inconsistent, and hypothesis testing is invalid. An alternative is to use...
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Full title
On the Practice of Lagging Variables to Avoid Simultaneity
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TN_cdi_proquest_journals_1732089863
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_1732089863
Other Identifiers
ISSN
0305-9049
E-ISSN
1468-0084
DOI
10.1111/obes.12088
