Endogenous and exogenous are economic terms to describe internal and external factors respectively affecting business production, efficiency, growth and profitability. You are not able to control all ...

Comparative Statics, tracking an optimal or equilibrium value as an exogenous variable changes, ceteris paribus, is the heart of economic analysis. By building models and analyzing the comparative ...

This is a preview. Log in through your library . Abstract This paper derives the exact probability density function of instrumental variable estimators of the coefficient vector of the endogenous ...