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  • 标题:STRUCTURAL EQUATIONS AND INVARIANCE
  • 本地全文:下载
  • 作者:Giovanni Forchini
  • 期刊名称:Discussion Papers in Economics / Department of Economics, University of Surrey
  • 出版年度:2012
  • 卷号:2012
  • 出版社:University of Surrey
  • 摘要:The paper approaches structural econometric models using an algebraic approach . It shows that the invariance properties of the reduced form and the decision to exclude some of the exogenous variables from the structural equations fundamentally affect the functional form of the structural equation itself. A local approach based on Lie group theory shows that the functional form of the structural equation can be partially recovered from the invariance properties of the reduced form equations.
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