System/SUR equations and panel
Hi: I was wondering if there is any R package to estimate a two-or three equation system in a panel setting. Say, I have 100 firms and their expenditure on wind generated power and solar-generated power. S_i = X1_i*b1 + u1_i W_i = X2_i* b2 + u2_i (X1 and X2 need not be the same.. but for simplicity, they could be assumed to be similar) Now, I have this firm data set for 10 years... I looked at systemfit package and its "investment" example and the way it uses plm package was not quite clear. Any help will be much appreciated. Best, Alok Bohara UNM