Re: [Gretl-users] tsls tests
Got it -- thanks again Allin!
PS
-----Original Message-----
From: gretl-users-bounces(a)lists.wfu.edu [mailto:gretl-users-bounces@lists.wfu.edu] On
Behalf Of Allin Cottrell
Sent: Wednesday, April 21, 2010 3:36 PM
To: Gretl list
Subject: Re: [Gretl-users] tsls tests
On Wed, 21 Apr 2010, Summers, Peter wrote:
Here's the result from the model with X = {const black smsa76
south76 ed76} and Z = {const black smsa66 south66 nearc4b}:
Weak instrument test -
Cragg-Donald minimum eigenvalue = 1.13201
Critical values for TSLS bias relative to OLS:
bias 5% 10% 20% 30%
value 0.00 0.00 0.00 0.00
Relative bias is probably less than 5%
OK, that's right enough. The critical values are in fact zero in
that region according to the Stock-Yogo tables.
Allin
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