In the present chapter we examine several “limited information ” estimators that provide consistent estimates of the structural coefficients of the ith equation of a system of simultaneous equations. The term limited information refers to the fact that only the information specific to the equation under investigation is utilized in the estimation process. The a priori information present in other equations and the fact that the structural disturbances of various equations may be contemporaneously correlated are not used in estimation. The utilization of this additional information would constitute “full information ” estimation. Such methods are discussed in the following chapter.
KeywordsSimultaneous Equation American Statistical Association Exact Distribution Simultaneous Equation Model International Economic Review
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