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 latest winner of the Nobel Prize in Economic Sciences is Professor Paul Romer. He achieved this prestigious accolade for his work on endogenous growth theory Professor Paul Romer's theory ...