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how can i know instrumental variables in 2sls

Posted: Mon Oct 19, 2015 8:48 pm
by d_ddd_d
my equations are
roe = c1+ tier1 + lev + ms + nim + gdp + lag_roe
tier1 = c2 + roe + lag diff_tier1 + ln_asset + npl
what are instrumental list if i want to regress first equation
Thank you in advance :D

Re: how can i know instrumental variables in 2sls

Posted: Tue Oct 20, 2015 6:06 am
by startz
Which variables are exogenous?