Econometrica: Jan 1958, Volume 26, Issue 1
A Monte Carlo Study of Estimates of Simultaneous Linear Structural Equations
Harvey M. WagnerA Monte Carlo sampling technique is employed to compare small sample properties of limited-information--single-equation, least squares, and instrumental variables estimates. Two versions of an essentially two equation model are each used to generate 100 sets of observations over 20 time periods.
Log In To View Full Content