1 Consider the four equation simultaneous system model: Y = a + aY + a1 +...
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1 Consider the four equation simultaneous system model: Y = a₁ + a₂Y₁₁ + a₂1₁ + u₁ 1-1 I₁ =B₁ + B₂Y + B₂Q₁+U₂ C₁ = ₁ + ₂ + y₂ + y₂P₁+U₂ 1-1 Q₁=₁+₂Q₁₁+1₂R₂ + U₁ 1-1 c. Identify whether the equations are un-identified, exactly identified or overidentified using the rank and order conditions? 1 Consider the four equation simultaneous system model: Y = a₁ + a₂Y₁₁ + a₂1₁ + u₁ 1-1 I₁ =B₁ + B₂Y + B₂Q₁+U₂ C₁ = ₁ + ₂ + y₂ + y₂P₁+U₂ 1-1 Q₁=₁+₂Q₁₁+1₂R₂ + U₁ 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... View the full answer
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