Table 1.
Bias and root mean square error (RMSE) of various estimators of ρA in two different scenarios
| Estimator | Bias | RMSE |
|---|---|---|
| Scenario 1: (βW=(1,0.5)T) | ||
| Path Analysis | 0.872 | 0.872 |
| 2SLS | -0.001 | 0.122 |
| 3SLS | 0.002 | 0.122 |
| Scenario 2: (βW=(1,0)T)) | ||
| Path Analysis | 0.970 | 0.970 |
| 2SLS | 0.000 | 0.051 |
| 3SLS | 0.001 | 0.039 |