The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Full and Limited Information Methods

  • Thomas J. Rothenberg
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_1096

Abstract

Econometricians have developed a number of alternative methods for estimating parameters and testing hypotheses in simultaneous equations models. Some of these are limited information methods that can be applied one equation at a time and require only minimal specification of the other equations in the system. In contrast, the full information methods treat the system as a whole and require a complete specification of all the equations.

JEL Classifications

C3 
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Bibliography

  1. Fuller, W. 1977. Some properties of a modification of the limited information estimator. Econometrica 45: 939–953.CrossRefGoogle Scholar
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  3. Malinvaud, E. 1970. Statistical methods of econometrics. 2nd ed. Amsterdam: North-Holland.Google Scholar
  4. Zellner, A., and H. Theil. 1962. Three-stage least squares: Simultaneous estimation of simultaneous equations. Econometrica 30: 54–78.CrossRefGoogle Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Thomas J. Rothenberg
    • 1
  1. 1.