Historical Econometrics: Instrumental Variables and Regression Discontinuity Designs

Academic Press, Forthcoming, https://www.elsevier.com/books/the-handbook-of-historical-economics/bisin/978-0-12-815874-6

35 Pages Posted: 16 Oct 2020

Multiple version iconThere are 2 versions of this paper

Date Written: August 25, 2020

Abstract

This chapter surveys the usage of Instrumental Variables (IVs) and Regression Discontinuity Designs (RDDs) in economic history. I document the positive trends of economic history articles employing these methods using three different samples: top 20 journals in economics, top 5 journals in economic history and top five general interest journals in economics from 2000-2020. I detail two broad phases: seminal articles published from 2001 to 2011, and a second wave of studies refining these techniques appearing from 2012 to today (2020). I discuss some methodological refinements that have appeared recently in the econometrics field — in the IV and RDD fronts. I then present a practical guide on regression diagnostics, acknowledging that there are other useful sources of identification available to tackle potential endogeneity issues.

Keywords: Economic History, Econometrics, Instrumental Variables, Regression Discontinuity Designs, Survey

JEL Classification: A33, C1, C26, C36, N01

Suggested Citation

Valencia Caicedo, Felipe, Historical Econometrics: Instrumental Variables and Regression Discontinuity Designs (August 25, 2020). Academic Press, Forthcoming, https://www.elsevier.com/books/the-handbook-of-historical-economics/bisin/978-0-12-815874-6, Available at SSRN: https://ssrn.com/abstract=3681632 or http://dx.doi.org/10.2139/ssrn.3681632

Felipe Valencia Caicedo (Contact Author)

Vancouver School of Economics ( email )

997-1873 East Mall
Vancouver, BC V6T 1Z1
Canada

HOME PAGE: http://https://economics.ubc.ca/faculty-and-staff/felipe-valencia-caicedo/

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