Explain why this is not a simultaneous-equations model

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1. Given the following three-equations system, (a) explain why this is not a simultaneous-equations model. (b) Could OLS be used to estimate each equation of this system? Why?

2. (a) What is meant by identi?cation? (b) When is an equation of a system exactly identi?ed? (c) Overidenti?ed? (d) Underidenti?ed? (e) Are these rules su?cient for identi?cation?

Reference no: EM13891707

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