Endogenous variable
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Endogenous variable is a variable that is explained by a particular model; a variable whose value is determined by the model's solution. (Cf. exogenous variable.)
Definition
According to Macroeconomics by Mankiw (7th edition),
- Endogenous variable. A variable that is explained by a particular model; a variable whose value is determined by the model's solution. (Cf. exogenous variable.)
