Iscan, T.B.; Rao, U.L.G. - Department of Economics, Dalhousie University - 2000
The joint behavior of investment and the current account is derived as a triangular simultaneous equations model. To estimate this model for the G7 countries, we propose a full-information GLS estimator for panel data that extends Zellner-Theil three-stage least squares estimator and allows for...
