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 ...

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 ...

The SYSLIN procedure in the SAS/ETS product can also fit certain kinds of path models and linear structural equation models. PROC CALIS differs from PROC SYSLIN in that PROC CALIS allows more ...