Economics · Econometrics
Consider a two-equation simultaneous system. An equation is said to be identified if: 1. The number of excluded exogenous variables in that equation is at least equal to the number of endogenous variables minus one. 2. The rank condition must also be satisfied. 3. OLS estimation of a structural equation yields consistent estimates. 4. The order condition alone guarantees identification. Choose the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 3 and 4 only
- 22 and 3 only
- 31, 2 and 4 only
- 41 and 2 only✓
Correct answer
1 and 2 only
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