The asymptotic equivalence between the iterated improved 2sls estimator and the 3sls estimator

In this paper we show that the 3SLS estimator of a system of equations is asymptotically equivalent to an iterative 2SLS estimator applied to each equation, augmented with the residuals from the other equations. This result is a natural extension of Telser (1964).

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Year of publication:	1997
Authors:	Qian, Hailong ; Schmidt, Peter
Published in:	Econometric Reviews. - Taylor & Francis Journals, ISSN 0747-4938. - Vol. 16.1997, 4, p. 441-457
Publisher:	Taylor & Francis Journals
Subject:	2SLS(IV) estimators \| Improved 2SLS(IV) estimators \| Iterated improved 2SLS(IV) estimators \| 3SLS estimators

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005476088