exogenous variables


Dictionary of sociology. 2013.

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  • Exogenous Growth — The belief that economic growth arises due to influences outside the economy or company of interest. Exogenous growth assumes that economic prosperity is primarily determined by external rather than internal factors. According to this belief,… …   Investment dictionary

  • Exogenous growth model — The Exogenous growth model, also known as the Neo classical growth model or Solow growth model is a term used to sum up the contributions of various authors to a model of long run economic growth within the framework of neoclassical… …   Wikipedia

  • Predetermined variables — are variables that were determined prior to the current period. In econometric models this implies that the current period error term is uncorrelated with current and lagged values of the predetermined variable but may be correlated with future… …   Wikipedia

  • Reduced form — In social science and statistics, particularly econometrics, the reduced form of a system of equations is the result of solving the system for the endogenous variables. This gives the latter as a function of the exogenous variables, if any.… …   Wikipedia

  • Instrumental variable — In statistics, econometrics, and related disciplines, the method of instrumental variables (IV) is used to estimate causal relationships when controlled experiments are not feasible. Statistically, IV methods allow consistent estimation when the… …   Wikipedia

  • Structural equation modeling — (SEM) is a statistical technique for testing and estimating causal relations using a combination of statistical data and qualitative causal assumptions. This definition of SEM was articulated by the geneticist Sewall Wright (1921),[1] the… …   Wikipedia

  • Mathematical model — Not to be confused with the same term that is used in model theory, a branch of mathematical logic. An artifact that is used to illustrate a mathematical idea may also be called a mathematical model, the usage of which is the reverse of the sense …   Wikipedia

  • Computable general equilibrium — (CGE) models are a class of economic models that use actual economic data to estimate how an economy might react to changes in policy, technology or other external factors. CGE models are also referred to as AGE (applied general equilibrium)… …   Wikipedia

  • Multiplier (economics) — In economics, a multiplier is a factor of proportionality that measures how much an endogenous variable changes in response to a change in some exogenous variable. For example, suppose a one unit change in some variable x causes another variable… …   Wikipedia

  • Supply and demand — For other uses, see Supply and demand (disambiguation). The price P of a product is determined by a balance between production at each price (supply S) and the desires of those with purchasing power at each price (demand D). The diagram shows a… …   Wikipedia

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