The identification of the dynamic parameters of robot is based on the use of the inverse dynamic identification model which is linear with respect to the parameters. This model is sampled while the robot is tracking “exciting” trajectories, in order to get an over determined linear system. The linear least squares solution of this system calculates the estimated parameters. The efficiency of this method has been proved through the experimental identification of a lot of prototypes and industrial robots. However, this method needs joint torque and position measurements and the estimation of the joint velocities and accelerations through the bandpass filtering of the joint position at high sample rate. So, the observation matrix is noisy. Moreover identification process takes place when the robot is controlled by feedback. These violations of assumption imply that the LS estimator is not consistent. This paper focuses on the Refined Instrumental Variable (RIV) approach to over-come this problem of noisy observation matrix. This technique is applied to a 2 degrees of freedom (DOF) prototype devel-oped by the IRCCyN Robotic team.