Asymptotic Properties of the Ordinary Least Squares Estimator in Simultaneous Equations Models

This paper considers the asymptotic behaviour of the ordinary least squares estimator of the coefficients of an equation from a simultaneous system. In particular, it focuses on the inconsistency of the estimator, in terms of large-sample asymptotic theory, and its consistency in terms of small-disturbance asymptotics.


Issue Date:
Sep 09 1989
Publication Type:
Working or Discussion Paper
Language:
English
Total Pages:
11
Series Statement:
8906




 Record created 2017-09-11, last modified 2017-09-11

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)