National open university of nigeria introduction to econometrics II eco 356

Unit 2: Binary Choice and Limited Dependent Models with Maximum

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• 5.1.1.0 INTRODUCTION

Unit 2: Binary Choice and Limited Dependent Models with Maximum Likelihood Estimation UNIT 1: SIMULTANEOUS EQUATIONSESTIMATION CONTENTS 5.1.1.0 Introduction 5.1.2.0 Objectives 5.1.3.0 Main Content 5.1.3.1 Simultaneous Equations Models Structural and Reduced Form Equations Simultaneous Equations Bias 5.1.4.0 Summary 5.1.5.0 Conclusion 5.1.6.0 Tutor-Marked Assignment 5.1.7.0 References/Further Reading 5.1.1.0 INTRODUCTION In the engagement of OLS to estimate the factors of an equation that is set in a simultaneous equations model, it is likely that the estimates will be biased and erratic which would invariably make the statistical tests invalid and inconsistent. Download 1.64 Mb. Share with your friends: