Question: Consider the three-equation model y1 = 13y3 + 12x2 + 1 y2 =21y1 +23y3 +21x1 +22x2 +2 y3 = 33x3 + 3 where y1, y2

Consider the three-equation model y1 = 13y3 + 12x2 + "1 y2 =21y1 +23y3 +21x1 +22x2 +"2 y3 = 33x3 + "3 where y1, y2 and y3 are endogeneous and x1, x2 and x3 are exogenous. Discuss the identification of each of the equations of the mode

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