On the Practice of Lagging Variables to Avoid Simultaneity

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 hypot...

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Vydané v:	Oxford bulletin of economics and statistics Ročník 77; číslo 6; s. 897 - 905
Hlavný autor:	Reed, William Robert
Médium:	Journal Article
Jazyk:	English
Vydavateľské údaje:	Oxford Blackwell Publishing Ltd 01.12.2015 Wiley-Blackwell
Predmet:	Applied economics Economic research Economic theory Economics Effectiveness studies Endogenous Estimating techniques Estimation Estimation bias Hypothesis testing Internet Lagged variables Research methodology Reverse causality Simultaneity Valuation methods
ISSN:	0305-9049, 1468-0084
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