Culture affects political institutions, but political institutions could affect culture. Licht, Goldschmidt, and Schwartz have proposed instrumental
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Culture affects political institutions, but political institutions could affect culture. Licht, Goldschmidt, and Schwartz have proposed instrumental variable regression as an efficient way to measure culture's effect on political institutions. Explain how this regression helps to measure such a causal effect. Explain what instrument the researchers chose. Why is it a good instrument?
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Instrumental variable regression is a statistical technique used to estimate causal relationships between variables when there may be endogeneity or r...View the full answer
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