Abstract
The linear simultaneous equation model (SEM) is one of the best known models in econometrics. It is used in several areas, for instance, in micro-economic modelling for the description of the operation of a market for a particular economic commodity and in macro-economic modelling for the description of the interrelations between a large number of macro-economic variables. [See, e.g., Hausman (1983) for a recent survey of the linear SEM.]
I am indebted to Luc Bauwens and Teun Kloek for helpful discussions. Any errors are my own responsibility.
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© 1987 Plenum Press, New York
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van Dijk, H.K. (1987). A Product of Multivariate T Densities as Upper Bound for the Posterior Kernel of Simultaneous Equation Model Parameters. In: Viertl, R. (eds) Probability and Bayesian Statistics. Springer, Boston, MA. https://doi.org/10.1007/978-1-4613-1885-9_13
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DOI: https://doi.org/10.1007/978-1-4613-1885-9_13
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