The phantom menace: Omitted variable bias in econometric research
The phantom menace: Omitted variable bias in econometric research
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DOI:
10.1080/07388940500339183
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发表时间:
2005-12-01
影响因子:
2.1
通讯作者:
Clarke, KA
中科院分区:
文献类型:
--
作者:
Clarke, KA
Quantitative political science is awash in control variables. The justification for these bloated specifications is usually the fear of omitted variable bias. A key underlying assumption is that the danger posed by omitted variable bias call be ameliorated by the inclusion of relevant control variables. Unfortunately, as this article demonstrates, there is nothing in the mathematics of regression analysis that supports this conclusion. The inclusion of additional control variables may increase or decrease the bias, and we cannot know for sure which is the case in any particular situation. A brief discussion of alternative strategies for achieving experimental con trot follows the main result.