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 ...

This is a preview. Log in through your library . Abstract Let y be a vector of endogenous variables and let w be a vector of covariates, parameters, and errors or unobservables that together are ...

The spatial dynamic panel data (SDPD) model is a standard tool for analysing data with both spatial correlation and dynamic dependences among economic units. Conventional estimation methods rely on ...

THE MODERN ECONOMY is a complex machine. Its job is to allocate limited resources and distribute output among a large number of agents—mainly individuals, firms, and governments—allowing for the ...