Last week, Matt Yglesias wrote a piece arguing that Republican harping on high gas prices is unlikely to much damage Barack Obama. The fundamental point of the piece is that gas prices are endogenous: ...

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 This paper derives the exact probability density function of instrumental variable estimators of the coefficient vector of the endogenous ...

A brief description of the methods used by the SYSLIN procedure follows. For more information on these methods, see the references at the end of this chapter. There are two fundamental methods of ...

Several of the estimation methods supported by PROC MODEL are instrumental variables methods. There is no standard method for choosing instruments for nonlinear regression. Few econometric textbooks ...

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 ...