MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Question
Consider the system of equations:
pi = β0 + β0qi + β2ti + β3zi + ui
qi = α0 + α1pi + α2ki + ԑi
where p and q are endogenous variables.
t, z and k are exogenous variables.
u and ԑ are disturbance terms. And i is cross section.
Explain how you would go about estimating the stated system of equations.
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