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Econometrics pp 279-313 | Cite as

Alternative Estimation Methods; Recursive Systems

  • Phoebus J. Dhrymes
Part of the Springer Study Edition book series (SSE)

Abstract

In this chapter we shall consider alternative distribution-free estimators, that is, estimators whose derivation does not depend on explicit specification of the form of the distribution of the error terms of the system. In particular, we shall consider indirect least squares and instrumental variables estimators, and in the context of the former we shall discuss, in somewhat greater detail than previously, the identification problem. Finally, we shall examine the simplifications that accrue to the estimation problem when the econometric model under consideration is recursive.

Keywords

Error Term Instrumental Variable Consistent Estimator Supply Function Demand Equation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag New York Inc 1974

Authors and Affiliations

  • Phoebus J. Dhrymes
    • 1
  1. 1.Columbia UniversityUSA

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