HAAVELMO IDENTIFICATION THEORY

This paper treats the theory of identification presented in Haavelmo's classic work, The Probability Approach in Econometrics. This was the first identification theory for stochastic models to be developed in e conometrics. The paper presents a detailed commentary on Haavelmo's an alysis. It also examines the development of Haavelmo's theory from Fri sch's analysis of multicollinearity and also the relationship between Haavelmo's analysis and later work on identification.