Hi
I am trying to analyze these estimations:
y1= y3 x1 x2 x3 x4 x5 x6
y2= y3 x1 x2 x3 x4 x5 x6
y3= y1 y2
Will 3SLS do the trick since there are two reciprocal causations?
Or if it's not possible, what should I do?
Thanks
I am trying to analyze these estimations:
y1= y3 x1 x2 x3 x4 x5 x6
y2= y3 x1 x2 x3 x4 x5 x6
y3= y1 y2
Will 3SLS do the trick since there are two reciprocal causations?
Or if it's not possible, what should I do?
Thanks