| Author(s): |
prof. RNDr. Jan Ámos Víšek CSc.,
|
| Type: |
IES Working Papers |
| Year: |
2007 |
| Number: |
6 |
| ISSN / ISBN: |
|
| Published in: |
IES Working Papers |
| Publishing place: |
Prague |
| Keywords: |
Robustness, instrumental variables, implicit weighting, square root of n-consistency of estimate by means of instrumental weighted variables |
| JEL codes: |
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| Suggested Citation: |
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| Grants: |
IES Research Framework Institutional task (2005-2011) Integration of the Czech economy into European union and its development
|
| Abstract: |
The definition of Instrumental Weighted Variables (IWV) (which is a robust version of the classical Instrumental Variables) and conditions for the weak consistency as given in the Part I of this paper are recalled. The reasons why the classical Instrumental Variables were introduced as well as the idea of implicit weighting the residuals (firstly employed by the Least Weighted Squares, see Víšek (2000)) are also recalled. Then square root of n-consistency of all solutions of the corresponding normal equations is proved. |
| Downloadable: |
WP 2007_6 Visek
|
