OMISSION OF RELEVANT EXPLANATORY VARIABLES IN SUR MODELS: OBTAINING THE BIAS USING A TRANSFORMATION

This paper obtains an expression of the bias when relevant explanatory variables are omitted in SUR models. A simple demand system is provided to illustrate the direction of the bias terms when a variable is omitted.


Issue Date:
1989
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/225828
Total Pages:
9
Series Statement:
89-17




 Record created 2017-04-01, last modified 2017-08-28

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