Hi,
Weak-instrument-robust inference
Tests of joint significance of endogenous regressors B1 in main equation
Ho: B1=0 and overidentifying restrictions are valid
Anderson-Rubin Wald test F(2,190)= 8.41 P-val=0.0003
Anderson-Rubin Wald test Chi-sq(2)=17.52 P-val=0.0002
Stock-Wright LM S statistic Chi-sq(2)=16.10 P-val=0.0003
I am struggling to interpret these results.
Would an acceptable conclusion be that the null has been rejected and hence my endogeous regressors are jointly significant. Hence there is likely to be some degree of endogeneity in the model, and that the IVs are needed to correct for this, meaning my IV's are valid.
Thanks
Weak-instrument-robust inference
Tests of joint significance of endogenous regressors B1 in main equation
Ho: B1=0 and overidentifying restrictions are valid
Anderson-Rubin Wald test F(2,190)= 8.41 P-val=0.0003
Anderson-Rubin Wald test Chi-sq(2)=17.52 P-val=0.0002
Stock-Wright LM S statistic Chi-sq(2)=16.10 P-val=0.0003
I am struggling to interpret these results.
Would an acceptable conclusion be that the null has been rejected and hence my endogeous regressors are jointly significant. Hence there is likely to be some degree of endogeneity in the model, and that the IVs are needed to correct for this, meaning my IV's are valid.
Thanks
