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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao zbMATH Openarrow_drop_down
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Article
Data sources: zbMATH Open
International Economic Review
Article . 1983 . Peer-reviewed
Data sources: Crossref
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Errors in Variables and the Individual Structural Equation

Errors in variables and the individual structural equation
Authors: Geraci, Vincent J;

Errors in Variables and the Individual Structural Equation

Abstract

The main intention of this paper is a practical (from the applied point of view) and simple method of dealing with the problem of measurement errors in simultaneous equation models. As a result, the paper provides the conditions under which certain simultaneous equations models can be identified and estimated on a recursive equation-by-equation basis. These results are obtained at the expense of generality, but they are blessed with the advantage of clarity, which might help under certain conditions in applied econometric work. The paper starts out from a standard model of measurement errors in simultaneous equations systems. Then two sufficient conditions for separate equation identifications are stated and embodied in a relatively simple stepwise procedure for recursively checking equation-by-equation identification. The paper concludes with an illustration of the procedure by a permanent-income model of consumption.

Keywords

structural equation, permanent-income model of consumption, problem of measurement errors, simultaneous equation models, identifications, errors in variables, recursive procedure, Applications of statistics to economics

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
8
Average
Top 10%
Average
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