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Exogeneity.

Abstract:

In spite of the importance of exogeneity in econometric modeling, an unambiguous definition does not seem to have been proposed to date. This lack has not only hindered systematic discussion, it has served to confuse the connections between "casuality" and "exogeneity". Moreover, many existing definitions have been formulated in terms of disturbances from relationships which contain unknown parameters, yet whether or not such disturbances satisfy certain orthogonality conditions with other ob...

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Series:
The Warwick Economics Research Paper Series (TWERPS)
Publication date:
1979-01-01
URN:
uuid:9ea79eeb-e446-449e-b0c0-9f6e9b9e3186
Local pid:
oai:economics.ouls.ox.ac.uk:12322
Language:
English

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