Reduced-form equations are derived algebraically from the structural and definitional equations in a multiple-equation econometric model.

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Reduced-form equations are indeed derived algebraically from the structural and definitional equations in a multiple-equation econometric model, simplifying the model to directly relate the endogenous variables to the exogenous variables without explicitly showing the internal mechanics of the system.

Reduced-Form Equations Are Derived Algebraically from the Structural and Definitional