Least Orthogonal Distance Estimator (LODE) of Simultaneous Equation Models’ structural parameters is based on minimizing the orthogonal distance between Reduced Form (RF) and the Structural Form (SF) parameters. In this work we propose a new version – with respect to Pieraccini and Naccarato...

Least Orthogonal Distance Estimator (LODE) of Simultaneous Equation Models’ structural parameters is based on minimizing the orthogonal distance between Reduced Form (RF) and the Structural Form (SF) parameters. In this work we propose a new version – with respect to Pieraccini and Naccarato...

This paper examines the evolution of national agricultural sectors m European Commumty (EC) member countries over the last decade of general econom1c turbulence. It assesses the degree of between-country "convergence" in trends in sectoral variables achieved under the influence of the EC's...

The aim of this paper is to present a consistent estimator of parameters in simultaneous equation model, based on characteristic roots and vectors of a matrix deriving from the so called overidentifying gonal Distance Estimator presented here is a more recent development of its original limited...