A note on simultaneous equation estimation techniques applications with a regional econometric model |
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Authors: | Norman J. Glickman |
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Affiliation: | University of Pennsylvania, Philadelphia, PA 19174, USA |
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Abstract: | A large-scale regional econometric model is estimated using six estimation techniques, including Iterated Instrumental Variables and Iterated Two-Stage Least-Squares. Following estimation the model is simulated and a seventh technique called PANGLOSS is derived. The seven techniques are then compared in ex post and ex ante tests. |
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