In the Case of Exact Identification

question 39

Multiple Choice

In the case of exact identification

• A)you can use the J-statistic in a test of overidentifying restrictions.
• B)you cannot use TSLS for estimation purposes.
• C)you must rely on your personal knowledge of the empirical problem at hand to assess whether the instruments are exogenous.
• D)OLS and TSLS yield the same estimate.

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