data.iv {desk}

Instrumental Variables

Description

This data set is on the use of instrumental variables.

Usage

data.iv

Format

A data frame with 8 observations on the following five variables:

y	endogenous variable.
x1	first exogenous variable.
x2	second exogenous variable.
z1	first instrumental variable.
z2	second instrumental variable.

Details

In Auer et al. (2023, Chap. 20) these hypothetical data are used to illustrate the use of two stage least squares estimation with instrumental variables.

Source

Auer, L.v., Hoffmann, S. & Kranz, T. (2023): Ökonometrie - Das R-Arbeitsbuch, 2nd ed., Springer-Gabler (https://www.oekonometrie-lernen.de).