EViews.com

Hi,
this is the first time I am attempting TSLS using Eviews 7

I have two endogenous variables DEM and GDP. So, two equations:

gdp = dem, gdp(-1), investment, education, trade, population, Country Fixed Effects, period fixed effects (effects i believe i can specify in the Panel Options tab)
dem = gdp, dem(-1), inflation, diffusion, trade, Dummy1, Dummy2

1. now what I do is Quick > Estimate > change the drop down to TSLS put the below equation in Equation Specification box

gdp = dem, gdp(-1), investment, education, trade, population

2. On Panel Tab choose Fixed effects for Cross Sec and Periods
3. On instrument tab write: gdp(-1), dem(-1), investment, education, trade, population, inflation, diffusion

Question 1: Am I doing it right?

Question 2: in the relevant literature I have seen, results shows coefficients for both equations one with GDP as dependent and one with DEM as dependent. However, by following the above procedure, I only get one table. Can I get both equations?

Question 3: Should I use Dummy variables as instruments too since they are obv exogenous?

can anyone please help me out a bit. Really appreciate it.

There are a lot of variables so I may be missing something, but my quick look suggests that it's fine.
The dummies are valid instruments.
You have to estimate each of the two equations separately.

Thanks a lot Glenn. :)