On Wed, 21 Apr 2010, Summers, Peter wrote:
> Here's the result from the model with X = {const black smsa76
> south76 ed76} and Z = {const black smsa66 south66 nearc4b}:
>
> Weak instrument test -
> Cragg-Donald minimum eigenvalue = 1.13201
> Critical values for TSLS bias relative to OLS:
>
> bias 5% 10% 20% 30%
> value 0.00 0.00 0.00 0.00
>
> Relative bias is probably less than 5%
OK, that's right enough. The critical values are in fact zero in
that region according to the Stock-Yogo tables.
Allin
