Vector Autoregressions I: Basics

  • John D. Levendis
Part of the Springer Texts in Business and Economics book series (STBE)


If we take the notion of general equilibrium seriously, then everything in the economy is related to everything else. For this reason, it is impossible to say which variable is exogenous. It is possible that all variables are endogenous: they can all be caused by, and simultaneously be the cause of, some other variable.


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Authors and Affiliations

  • John D. Levendis
    • 1
  1. 1.Department of EconomicsLoyola University New OrleansNew OrleansUSA

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