The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Endogeneity and Exogeneity

  • John Geweke
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_118

Abstract

Endogeneity and exogeneity are properties of variables in economic or econometric models. The specification of these properties in variables is an essential component of the process of model specification. This article considers their application in the specification of, in turn, deterministic and stochastic models.

Keywords

Cowles Commission Endogeneity and exogeneity Model specification Simultaneous equations models Statistical inference 

JEL Classifications

C3 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • John Geweke
    • 1
  1. 1.