Least Orthogonal Distance Estimator (LODE) of Simultaneous Equation Models’ structural parameters is based on minimizing the orthogonal distance between Reduced Form (RF) and the Structural Form (SF) parameters. In this work we propose a new version – with respect to Pieraccini and Naccarato...

The aim of this paper is to present a consistent estimator of parameters in simultaneous equation model, based on characteristic roots and vectors of a matrix deriving from the so called overidentifying gonal Distance Estimator presented here is a more recent development of its original limited...