https://communities.sas.com/t5/SAS-Forecasting-and-Econometrics/Simultaneous-equations/m-p/629143#M3765 <P>I apologize if this looks repetitive, but I was told to post it here.</P> <P>&nbsp;</P> <P>Two equations</P> <P>&nbsp;</P> <P>Y = X + V1 + V2 + industry + time</P> <P>X = Y + V1 + V2 + industry + time</P> <P>&nbsp;</P> <P>I have an instrument, Z, that can be used to predict X.</P> <P>&nbsp;</P> <P>I also have about 100 of industry and time dummies. (So I can't use 'model').</P> <P>&nbsp;</P> <P>How do I go about producing the estimated coefficients for the above two equations?</P> <P>&nbsp;</P> <P>No STATA, nor SAS seem to have the procedure for simultaneous equations.</P> Tue, 03 Mar 2020 15:12:12 GMT kelSAS 2020-03-03T15:12:12Z https://communities.sas.com/t5/SAS-Forecasting-and-Econometrics/Simultaneous-equations/m-p/629143#M3765 <P>I apologize if this looks repetitive, but I was told to post it here.</P> <P>&nbsp;</P> <P>Two equations</P> <P>&nbsp;</P> <P>Y = X + V1 + V2 + industry + time</P> <P>X = Y + V1 + V2 + industry + time</P> <P>&nbsp;</P> <P>I have an instrument, Z, that can be used to predict X.</P> <P>&nbsp;</P> <P>I also have about 100 of industry and time dummies. (So I can't use 'model').</P> <P>&nbsp;</P> <P>How do I go about producing the estimated coefficients for the above two equations?</P> <P>&nbsp;</P> <P>No STATA, nor SAS seem to have the procedure for simultaneous equations.</P> Tue, 03 Mar 2020 15:12:12 GMT https://communities.sas.com/t5/SAS-Forecasting-and-Econometrics/Simultaneous-equations/m-p/629143#M3765 kelSAS 2020-03-03T15:12:12Z