Hello listers ! greetings from Paris !
Let me ask a somewhat technical question about system estimation in GRETL.
I am currently working on AIDS models to be estimated as sytems.
So I use the command :
system
...
...
end system
with restrictions inside. However those restrictions imply a singular
covariance matrix. In other pacakges (SAS for example) estimation is done by
deleting one equation, and the missing coefficient is recovered by the
restrictions.
I would like to know how GRETL handles such cases, and more specifically whith
which methods.
After some trials, it seems that GRETL handles quite well, doing neatly all
the computation and printing results as if there was no singularity problem.
Is it right ?
I would like to know if it is possible in system estimation to recover all the
coefficients and standards errors, because i have to compute the AIDS
elasticities.
thanx a lot and forward to read you
cheers
Franck
--
Franck Nadaud
Economiste
CIRED
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