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Hi, I want to simulate a 2-equation system where the DGP is: 1)
Y1 = a + b*Y2 + C*L.Y2 + error1 2)
Y2 = c + d*Y1 + e*L.Y2 + error2 The lagged Y2 terms are what is throwing me. Can anybody tell me how I can program Stata to simulate data from this DGP? Bob Reed -------------------------------------------------------------------- Professor Department of Economics and Finance View
my Google Scholar profile --------------------------------------------------------------------
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st: Simulating simultaneous equation data with lagged endogenous variables
From
Bob Reed <[email protected]>
To
"[email protected]" <[email protected]>
Subject
st: Simulating simultaneous equation data with lagged endogenous variables
Date
Mon, 05 Aug 2013 16:23:32 +0000
W. Robert Reed
Replications Co-Editor, Public Finance Review
Editor, ISRN Economics
University of Canterbury
Private Bag 4800
Christchurch
New Zealand
Phone: +64-3-3642846
Fax: +64-3-3642635
Email: [email protected]
Homepage: http://www.econ.canterbury.ac.nz/personal_pages/bob_reed/
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. – F.A. Hayek
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