Multiple Choice
What are the implications for 2SLS estimators if reduced form parameter estimates are statistically insignificant?
A) still consistent in large samples,but no longer BLUE
B) there will be correlation in the structural equations,causing estimators to be inconsistent
C) there are no consequences,only structural parameters matter
D) small sample properties no longer hold,but asymptotic properties still apply
Correct Answer:

Verified
Correct Answer:
Verified
Q2: In a system of 4 simultaneous equations,how
Q3: In a multi-equation model the jointly determined
Q4: What is the first stage of 2SLS?<br>A)estimate
Q5: What does it mean for a structural
Q6: How does the least squares estimator perform
Q8: Why is it best to use
Q9: When estimating the structural parameters of
Q10: If a structural model has M simultaneous
Q11: What does 2SLS abbreviate?<br>A)twice squared linear series<br>B)second
Q12: What is the 2<sup>nd</sup> stage of 2SLS?<br>A)estimate