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Design-Based Identification with Formula Instruments: A Review / Kirill Borusyak, Peter Hull, Xavier Jaravel.
- Format:
- Book
- Author/Creator:
- Borusyak, Kirill.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w31393.
- NBER working paper series no. w31393
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2023.
- Summary:
- Many studies in economics use instruments or treatments which combine a set of exogenous shocks with other predetermined variables by a known formula. Examples include shift-share instruments and measures of social or spatial spillovers. We review recent econometric tools for this setting, which leverage the assignment process of the exogenous shocks and the structure of the formula for identification. We compare this design-based approach with conventional estimation strategies based on conditional unconfoundedness, and contrast it with alternative strategies that leverage a model for unobservables.
- Notes:
- Print version record
- June 2023.
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