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Orthogonalization LIML Many instruments
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Hahn, Jinyong
Kilian, Lutz
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Richter, Alexander W.
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Parameter
orthogonalization
and Bayesian inference with many instruments
Hahn, Jinyong
;
Hansen, Karsten
- In:
Economics Letters
112
(
2011
)
2
,
pp. 207-209
Lancaster's (1997) parameter
orthogonalization
is developed. This
orthogonalization
is shown to guarantee that the statistical …
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