Which equations are identified in each of the systems in question 2 and which are not? Explain.
Question:
Which equations are identified in each of the systems in question 2 and which are not? Explain.
Question 2
Given these structural systems in which the Y-variables are endogenous and the X-variables are exogenous, place them in reduced form:
Transcribed Image Text:
A. Y = a+aY+Y/+X +X + E Y= Bo + BY+ BY3 + BX + BX + B5X + 2 Y=520 +52Y+52Y/ + Xz+ &g B. Y-a+aX+X +X + aY/ +8 Y = Bo + BY+BY+ BX+BX + 3+ Y = 20 + 52 Y + 2Y + 2X+ C. Y = a +Y+X + aX + Yz = Bo+ BY + B,Y+ ByX + Bag + BoXtn Y=520 + 52 Y +52X +52X + D. Y =a +X + a Y +X +X + . Y =B + BY + BY+ BX + BX + BX + Y = 50 +52Y+52Y + 2X + X + 83
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Related Book For
Introductory Regression Analysis With Computer Application For Business And Economics
ISBN: 9780415899338
1st Edition
Authors: Allen Webster
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