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How do you interpret coefficient of IV estimation in stata with ivreg?
Wiki User
∙ 13y ago
Depends on the instrumented variable. For example if the instrumented variable x is a dummy (z an instrument) the way you should interpret the IV coefficient is, depending on the treatment of the endogenous variable y (logs, levels), in average, ceateris paribus, the effect over y of x is (b% or 100b%) for those observations for which the z is present.
Wiki User
∙ 13y ago
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