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re:RE: st: How to run 2SLS twice


From   Christopher Baum <kit.baum@bc.edu>
To   <statalist@hsphsun2.harvard.edu>
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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