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Unformatted text preview: Fisher F224.0 A On the Admissible Transformation View on Identification for a Linear Simultaneous Equation Model Abstract: For a linear simultaneous equation model in econometrics, one authoritative definition of identification is Fishers admissible transformation view. It takes parameter restriction and covariance restriction together into consideration. We show that the covariance restriction on disturbance terms may obstruct the exclusion restriction on variables. The exclusion restriction on variables is necessary for the test of observationally equivalent of equations so that the union identification does not hold true. Keywords: parameter restriction; covariance restriction; admissible transformation; observationally equivalent ; identification Fisher1966 Fisher Fisher Badi H. Fisher Badi H....
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This note was uploaded on 10/10/2011 for the course ECON 3250 taught by Professor Wan during the Spring '11 term at Hong Kong Baptist University, China.
- Spring '11