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Econometric Analysis
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Econometric Analysis. Week 8 More on instrumental variables estimation and simultaneous equation models. Instrumental variables – brief review. Instrumental variables – brief review (2). Instrumental variables – brief review (3). Instrumental variables – brief review (4).
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Econometric Analysis
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Econometric Analysis Week 8 More on instrumental variables estimation and simultaneous equation models
Identification continued In the above example we are assuming i (income) is exogenous So the supply equation is exactly identified but the demand equation is not identified.
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