OMISSION OF RELEVANT EXPLANATORY VARIABLES IN SUR MODELS: OBTAINING THE BIAS USING A TRANSFORMATION
Richard Green
No 225828, Working Papers from University of California, Davis, Department of Agricultural and Resource Economics
Abstract:
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.
Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Pages: 9
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ucdavw:225828
DOI: 10.22004/ag.econ.225828
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