How to Alleviate the Omitted Variable Bias? | 【Five Minute Econometrics】Topic 14

Описание: 00:00 Instrumental variables estimation method
06:31 Panel data fixed effects method
08:10 Difference-in-differences method
09:03 Sample selection correction

The links for more information on each method:
【Instrumental Variables Estimation】
   • Instrumental Variables Method (IV) | Regre...  
   • Instrumental Variables Method (IV) using S...  

【Panel Data Fixed Effects Methods】
   • Panel Data Models Using Stata | Regression...  

【Difference-In-Differences】
   • Basic Difference-in-Differences Method (DI...  
   • Difference-in-Difference-in-Differences Me...  

【Sample Selection Corrections】
   • Sample Selection and Heckman's Method | Es...  

【Five Minute Econometrics】 Topic 14: How to Alleviate the Omitted Variable Bias?

Hi, I am Bob. Welcome to the Five Minute Econometrics program, which focuses on basic econometric concepts and estimation methods. In the last topic, we discussed the cause of omitted variable bias. Today, I want to briefly introduce four methods to alleviate omitted variable bias. I have already uploaded some videos for each method, and you can watch the videos for detailed information and examples with real data.

#OmittedVariableBias #IV #Paneldata #sampleselection #DID

【Free Courses on My YouTube Channel】
Economics in Real Life:
   • Economics in Real Life  

Solutions to Introductory Econometrics A Modern Approach 7th Edition:
   • Solutions to Introductory Econometrics A M...  

Solutions to Microeconomics Theory and Applications with Calculus:
   • Solutions to Microeconomics Theory and App...  

Stata Tutorials:
   • Stata Tutorials  

Five Minute Econometrics:
   • Five Minute Econometrics (Econometrics Tut...  

Introductory Microeconomics:
   • Introductory Microeconomics (2022)  

Introductory Stata:
   • Introductory Stata (2022)  

Drum Covers:
   • Drum Covers｜流行歌曲電子鼓  

【粵語Cantonese】現實生活中的經濟學:
   • 【Cantonese粵語】現實生活中的經濟學  

【國語Mandarin】現實生活中的經濟學:
   • 【Mandarin國語】現實生活中的經濟學  

【粵語Cantonese】微觀經濟學基礎:
   • 粵語Cantonese微觀經濟學基礎2022  

【粵語Cantonese】五分鐘計量經濟學:
   • 【Cantonese粵語】五分鐘計量經濟學（計量經濟學輔導）  

【國語Mandarin】五分鐘計量經濟學:
   • 【Mandarin國語】五分鐘計量經濟學（計量經濟學輔導）  

On the Road:
   • On the Road  

【Become a Supporter of the channel ($2.99) to get PDF transcripts for】
1. Solutions to Microeconomics Theory and Applications with Calculus 5th Edition,
2. Solutions to Introductory Econometrics A Modern Approach 7th Edition,
3. Introductory Stata (2022),
4. Introductory Microeconomics (2022), and
5. Introductory Stata: Summary Statistics and Data Management
   / @bobwenecon  

In addition to the videos on my YouTube channel, you can also learn Stata from my free Alison online courses.

Introductory Stata: Summary Statistics and Data Management
https://alison.com/course/introductor...

Introductory Stata: Graphics and Data Visualization
https://alison.com/course/introductor...