Economics · Econometrics
Based on the order condition for identification, state whether the first equation in the following structural model is identified? Y1 = 3y2 − 3x1 + x2 + u1 Y2 = y3 + x3 + u2 Y3 = y1 − y2 − 2x3 + u3 Where y's are endogenous variables, x's are predetermined variables, and u's are random error terms.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Information not sufficient
- 2Exactly identified✓
- 3Under identified
- 4Over identified
Correct answer
Exactly identified
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