Exogenous variable
Revision as of 14:56, 2 July 2020 by Kainat9 (talk | contribs) (Created page with "Exogenous variable is a variable that a particular model takes as given; a variable whose value is independent of the model's solution. (Cf. endogenous variable.) ==Defin...")
Exogenous variable is a variable that a particular model takes as given; a variable whose value is independent of the model's solution. (Cf. endogenous variable.)
Definition
According to Macroeconomics by Mankiw (7th edition),
- Exogenous variable. A variable that a particular model takes as given; a variable whose value is independent of the model's solution. (Cf. endogenous variable.)
