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Full and Limited Information Methods

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Abstract

Econometricians have developed a number of alternative methods for estimating parameters and testing hypotheses in simultaneous equations models. Some of these are limited information methods that can be applied one equation at a time and require only minimal specification of the other equations in the system. In contrast, the full information methods treat the system as a whole and require a complete specification of all the equations.

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Bibliography

  • Fuller, W. 1977. Some properties of a modification of the limited information estimator. Econometrica 45, May, 939–53.

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  • Hood, W. and Koopmans, T. (eds) 1953. Studies in Econometric Method. Cowles Foundation Monograph No. 14, New York: Wiley.

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  • Malinvaud, E. 1970. Statistical Methods of Econometrics. 2nd edn, Amsterdam: North-Holland.

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  • Zenner, A. and Theil, H. 1962. Three-stage least squares: simultaneous estimation of simultaneous equations. Econometrica 30, January, 54–78.

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Authors

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John Eatwell Murray Milgate Peter Newman

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© 1990 Palgrave Macmillan, a division of Macmillan Publishers Limited

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Rothenberg, T.J. (1990). Full and Limited Information Methods. In: Eatwell, J., Milgate, M., Newman, P. (eds) Econometrics. The New Palgrave. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-20570-7_12

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