Generalized Methods of Moments
Posted: Thu Nov 13, 2014 4:25 pm
HI all,
I am trying to do a Pooled OLS regression using the GMM method in EViews 7. When I run the regrsion it says Order condition violated - Insufficient instruments. It requires me to enter instruments under the Instruments tab in the Estimation Equation. Would like to ask you what are the Instruments?
Thanks!
Best
Slovakman
I am trying to do a Pooled OLS regression using the GMM method in EViews 7. When I run the regrsion it says Order condition violated - Insufficient instruments. It requires me to enter instruments under the Instruments tab in the Estimation Equation. Would like to ask you what are the Instruments?
Thanks!
Best
Slovakman