interpretation of 2SLS and GMM coefficients

[toloharb]

I wonder if there may be economic interpretation of 2SLS and GMM coefficients. For example, if the 2SLS coefficient is 0.567, it can be interpreted as 1% increase in the coefficient, the dependent variable will increase by (1 - exp(0.567)). Please let me know the interpretation of the 2SLS and GMM coefficients.

Thanks.

Tolo

[startz]

The 2sls and GMM coefficients are generally the partial derivative of the dependent variable with respect to the independent variable, just as with least squares.

[toloharb]

So, is it possible to interpret the 2SLS and GMM coefficients? Please advise.