Question: Bruce E. Hansen Chapter12. Instrumental Variables Exercise 12.9 Consider the model Y = X' + 9 with [Ele | Z] = 0 with Y scalar

Bruce E. Hansen Chapter12. Instrumental Variables

Exercise 12.9 Consider the model Y = X' + 9 with [Ele | Z] = 0 with Y scalar and X and Z each a k vector. You have a random sample (1'5. X;. Z,- : i = 1.....n]. {a} Assume that X is exogenous in the sense that [E [el Z,X| = 0. Is the IV estimator B\

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