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Ifwe want to estimate the rst structural equation in a Simultaneous equations model. we need the order and rank conditions for identication. The order condition
Ifwe want to estimate the rst structural equation in a Simultaneous equations model. we need the order and rank conditions for identication. The order condition is related to _ in a single equation model. C) a. the exclusion and relevance of instruments L) b. the exclusion and exogeneity of Instruments 1 3 c. the relevance of instruments ['3 d. the exogeneity of instruments ('1 e. none of the above
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