Misaccounting for endogeneity: The peril of relying on the Heckman two-step method without a valid i...
Misaccounting for endogeneity: The peril of relying on the Heckman two-step method without a valid instrument
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Chichester, UK: Wiley
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Language
English
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Chichester, UK: Wiley
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Research Summary
Strategy research addresses endogeneity by incorporating econometric techniques, including Heckman's two‐step method. The economics literature theorizes regarding optimal usage of Heckman's method, emphasizing the valid exclusion condition necessary in the first stage. However, our meta‐analysis reveals that only 54 of 165 relev...
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Misaccounting for endogeneity: The peril of relying on the Heckman two-step method without a valid instrument
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TN_cdi_proquest_journals_2177177911
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https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_2177177911
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ISSN
0143-2095
E-ISSN
1097-0266
DOI
10.1002/smj.2995
