I am running a 'gmm' estimation and need to specify constraints on the coefficients. Because of these constraints, I run into numerical errors (non-PSD hessian) and I need to hand-specify the derivatives. Is there a way to specify second-order derivatives in 'gmm'?
Below is an example: I first run the code with the command 'gmm' alone, then specify first order derivatives, but I don't know how to specify second order derivatives...
Best,
Maxime
Code:
bcuse fertil2 bcuse fertil2 global x1 "educ age agesq electric tv spirit protest catholic _cons" global z "frsthalf age agesq electric tv spirit protest catholic" * (a) GMM gmm (children*exp(-{xb: $x1})-1),instruments($z) * (b) Specifying derivatives gmm (children*exp(-{xb: $x1})-1),instruments($z) /// deriv(/xb=- children*exp(-{xb:}))
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