General Studies · Econometrics
Consider a simultaneous equation system. The identification of a structural equation requires: I. The order condition to be satisfied II. The rank condition to be satisfied III. Exogeneity of all regressors IV. Presence of at least one excluded exogenous variable Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II, III and IV
- 2II and III only
- 3I, II and IV only✓
- 4I and II only
Correct answer
I, II and IV only
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