Simultaneous equations are two or more equations with two or more variables. They are simultaneous because they can be solved to give values for the variables that are equal in each equation. This is ...

This paper extends the single equation regression model with the truncated dependent variable considered by Tobin [10] and Amemiya [1] to multivariate and simultaneous equation models and proposes a ...

This is a preview. Log in through your library . Journal Information The International Economic Review was established in 1960 by two of the most active and acclaimed scholars in the economics ...