Dwivedi and Srivastava (1984, DS) studied the exact finite sample properties of Nagar’s (1962) double k-class estimator as continuous functions of its two characterizing scalars k1 and k2, and provided guidelines for their choice in empirical work. In this note we show that the empirical...

This paper is concerned with Bayesian reduced rank regression when instruments are weak. There have been a number of studies on weak identification problem with the application of reduced rank regression combined with singular value decomposition (SVD) method in the Bayesian framework, see...