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- Fri Sep 23, 2011 7:26 pm
- Forum: Econometric Discussions
- Topic: Econometric Questions
- Replies: 0
- Views: 1551
Econometric Questions
Hello, I need your help on the following econometric issues: I am doing a simultaneous 2-step estimation (analyzed in Maddala 1983, Model 3) as following: I have the following set of equations: Model 1: -------------- y1= β1’x1 + δ1y2* + ε1, …………….....eqn(1) y2*= β2’x2 + δ2y1 + ε2, y2=1(y2*>0)….eqn(...