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re:RE: st: How to run 2SLS twice
From
Christopher Baum <[email protected]>
To
<[email protected]>
Subject
re:RE: st: How to run 2SLS twice
Date
Tue, 15 Feb 2011 07:41:06 -0500
<>
Eric wrote
At a quick glance, the system seems to be recursive. So each equation can be estimated by OLS
Yes, if you write the equations in the reverse order, they appear recursive, and amenable to OLS. It may still be the case that HOLS is advantageous in this context, though, on efficiency grounds.
Kit
Kit Baum | Boston College Economics & DIW Berlin | http://ideas.repec.org/e/pba1.html
An Introduction to Stata Programming | http://www.stata-press.com/books/isp.html
An Introduction to Modern Econometrics Using Stata | http://www.stata-press.com/books/imeus.html
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