Generalization of Indirect Least Squares to Estimation of Structural Equations of a Multi-equation Linear Econometric Model
Sudhanshu K. Mishra
North-Eastern Hill University (NEHU)
April 25, 2004
This paper generalizes the method of Indirect Least Squares (ILS) and shows that such a generalization, call it the Generalized Indirect Least Squares (GILS), yields Two-Stage Least Squares (2-SLS) under the zero restriction on some structural coefficients characterizing over-identification.
Number of Pages in PDF File: 5
Keywords: Indirect Least Squares, ILS, Generalized, GILS, Two-Stage Least Squares, Identification
JEL Classification: C13, C30working papers series
Date posted: April 30, 2004
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