gmm estimate of hybrid phillips gives command near singular
Posted: Tue Jun 23, 2009 3:29 am
Hi everyone,
I'm running a generalized method of moment on the following system and instruments,
asi_100=(c(1)+c(3)*(1-c(1)*(1-c(2))))^(-1)*(1-c(3))*(1-c(1))*(1-c(2)*c(1))*fxluclipd+c(1)*(c(1)+c(3)*(1-c(1)*(1-c(2))))^(-1)*c(2)*asi_100(+1)
@inst asi_100(-1 to -5) awi(-1 to -2) fxluclipd(-1 to -2) og1(-1 to -2)
I get the command near singular matrix, is there anyone who could help me with this problem.
Thank you very much in advance,
hans.
I'm running a generalized method of moment on the following system and instruments,
asi_100=(c(1)+c(3)*(1-c(1)*(1-c(2))))^(-1)*(1-c(3))*(1-c(1))*(1-c(2)*c(1))*fxluclipd+c(1)*(c(1)+c(3)*(1-c(1)*(1-c(2))))^(-1)*c(2)*asi_100(+1)
@inst asi_100(-1 to -5) awi(-1 to -2) fxluclipd(-1 to -2) og1(-1 to -2)
I get the command near singular matrix, is there anyone who could help me with this problem.
Thank you very much in advance,
hans.