[Limdep Nlogit List] recursive simultaneous equations estimation

[Robert A Nakosteen]

Greetings,

 

In the Limdep manual for Version 8.0, E21.4.5 describes an FIML model for a
recursive equations system. A tobit model is the primary object of
estimation in the model, while an OLS equation precedes it.  According to
the documentation, "The initial OLS . estimates will be inconsistent."

 

I take it that the final output of the model includes an initial equation
(referred to in the output as the "regression equation") that contains
consistent estimates. Is this correct?  The manual does not say that
explicitly.  

 

Thanks in advance.

 

Bob.

 

 

Robert A. Nakosteen

Professor

Isenberg School of Management

University of Massachusetts/Amherst

Amherst, MA 01003

 

Telephone:  413-545-5687

FAX: 413-545-3858