Econometrica: Jul, 1974, Volume 42, Issue 4

The Exact Mean of the Two-Stage Least Squares Estimator of the Structural Parameters in an Equation Having Three Endogenous Variables

https://www.jstor.org/stable/1913943
p. 749-758

A. L. Nagar, Aman Ullah

This paper deals with the two-stage least squares (2SLS) estimator of structural parameters in a system of M linear structural equations. The structural equation being estimated consists of three endogenous variables and some exogenous variables. The exact mean of the 2SLS estimator has been worked out.

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