[問題] simultaneous equation
請問一下
有一個模型是
lnW=B1+B2*Educ+B3*Exper+B4*Exper^2+ui (1)
Suppose education, like wages, is endogenous. How would you find out
that in Equation (1) education is in fact endogenous?
想請問一下這2個模型該怎麼跑?
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