In the model (19.2.22) of the text it was shown that the supply equation was over identified.

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In the model (19.2.22) of the text it was shown that the supply equation was over identified. What restrictions, if any, on the structural parameters will make this equation just identified? Justify the restrictions you impose.

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Basic Econometrics

ISBN: 978-0073375779

5th edition

Authors: Damodar N. Gujrati, Dawn C. Porter

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Question Posted: May 29, 2018 03:56 AM

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In the model (19.2.22) of the text it was shown that the supply equation was over identified.

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The reason that the supply equation is overidentifie...View the full answer

Basic Econometrics

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