#1344621

#1344621: What is the difference between structural equations and reduced-form equations in a simultaneous equation model?

What is the difference between structural equations and reduced-form equations in a simultaneous equation model?
Варианты ответа:
  • Structural equations include endogenous variables, while reduced-form equations do not
  • Reduced-form equations include endogenous variables, while structural equations do not
  • Structural equations represent the underlying economic relationships, while reduced-form equations show the observed relationships
  • There is no difference; the terms are used interchangeably

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Тематика: Основы эконометрики. Корреляционный анализ Теория экономического анализа Эконометрика
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