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Building on our theoretical discussion, we compare the performance of six estima- tors: our favored double-instrumental variable maximum-likelihood estimator that essentially linearizes the IMF participation equation to include fixed effects, akin to a 3SLS estimator, which accounts for endogeneity of...
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Building on our theoretical discussion, we compare the performance of six estimators: our favored double-instrumental variable maximum-likelihood estimator that essentially linearizes the IMF participation equation to include fixed effects, akin to a 3SLS estimator, which accounts for endogeneity of IMF...