Y1t = β10 + β12Y2t + γ11 X1t + u1t
Y2t = β20 + β21Y1t + γ22 X2t + u2t
the following reduced-form equations are obtained:
Y1t = π10 + π11 X1t + π12 X2t + wt
Y2t = π20 + π21 X1t + π22 X2t + vt
a. Are the structural equations identified?
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