What problem did Jan Tinbergen solve in econometrics?
Identification problem
Optimization problem
Equilibrium problem
Allocation problem
Answer
Identification problem: Jan Tinbergen's seminal contribution to econometrics was solving the identification problem. This issue arises when multiple equations in a system of equations are not uniquely identifiable, meaning that the parameters of the equations cannot be uniquely determined from the available data. Tinbergen developed methods to determine whether a system of equations is identifiable and, if so, to estimate the parameters of the equations.
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