Which equation is identified-not identified-overidentified

Reference no: EM13184874

suppose you have the following simultaneous equations model:

\(x_{3} = z_{0} + z_{1} * y + z_{2}*x_{1}\)

\(y=B_{0} + B_{1}*x_{1}+B_{2} * x_{2} +B_{3}*x_{3}+B_{4} * z_{1} \)

which are the endogenous variables (y & x3) and the exogenous (Z, X2). also which equation is identified or not identified or overidentified, an explination as to why this is would be great?

Reference no: EM13184874

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