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1 Consider the four equation simultaneous system model: Y = a + aY + a1 + u 1-1 I =B + BY + BQ+U
1 Consider the four equation simultaneous system model: Y = a + aY + a1 + u 1-1 I =B + BY + BQ+U C = + + y + yP+U 1-1 Q=+Q+1R + U 1-1 c. Identify whether the equations are un-identified, exactly identified or overidentified using the rank and order conditions?
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These equations are overidentified Reason From a Bayesian point of view identifiably is not a signif...Get Instant Access to Expert-Tailored Solutions
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