We consider the estimation of coefficients of a structural equation with many instrumental variables in a simultaneous equation system. It is mathematically equivalent to the estimating equations estimation or a reduced rank regression in the statistical multivariate linear models when the...

We develop the panel-limited information maximum likelihood approach for estimating dynamic panel structural equation models. When there are dynamic effects and endogenous variables with individual effects at the same time, the LIML method for the filtered data does give not only a consistent...