What is mean be "the indentification problem" in the context
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What is mean be "the indentification problem" in the context of simultaneous equations economic models.
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Identification problem in economic models comes into consideration when we have n variables and m equations.
Condition 1: If n > m then the model is under identified (defined). In this case we have no unique solution. We have infinite number of solutions. ...
Solution Summary
Identification problem in economic models comes into consideration when we have n variables and m equations. The solution describes various conditions.
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