Obtain the reduced form of the following models and determine in each case whether the structural equations
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Obtain the reduced form of the following models and determine in each case whether the structural equations are unidentified, just identified, or over identified:
a. Chap. 18, Example 18.2.
b. Chap. 18, Example 18.3.
c. Chap. 18, Example 18.6.
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a The reduced form equations are For this system M 2 CY and K 1 I The order condition applied ...View the full answer
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