Econometrica: Jan 1958, Volume 26, Issue 1

A Monte Carlo Study of Estimates of Simultaneous Linear Structural Equations

https://doi.org/0012-9682(195801)26:1<117:AMCSOE>2.0.CO;2-B
p. 117-133

Harvey M. Wagner

A 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.

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