Hello....
It is known that while estimating system of equations by using SUR and OLS estimator we
obtain the same results when matrix of independent variables (X) is identical in each
equation. I've tried this and results are ... different. Maybe you could figure out
why?
I've attached files (with data and script). Could this be effect of cross equation
residuals correlations or it's just ... an error?
With regard...
Mariusz
Poland