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Topic: Endogeneity (economics)

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	Endogenous - Wikipedia, the free encyclopedia
		Endogenous substances are those that originate from within an organism, tissue or cell [1].
		In an economic model, an endogenous change is one that comes from inside the model and is explained by the model itself.
		Endogenous processes are driven by the warmth which is produced in the core of the Earth by radioactivity and gravity.
	en.wikipedia.org /wiki/Endogenous (195 words)

	THE ROLE OF ETHICS IN ISLAMIC POLITICAL ECONOMY AND ISLAMIC ECONOMICS (Site not responding. Last check: 2007-10-11)
		In received economic theory and Islamic economics, which we have shown emulates simply the mainstream economic doctrines with some Islamic ethical values introduced into these theories, ethics is a behavioural attribute that must be linked with both preference formation and the institutional as well social background under which such ethics are formed and pervaded.
		Islamic Economics is then defined by the author as a study of ethical behaviour formed by the impact of the four axioms on the representative Muslim's relations with problems of economics.
		These points are premised on the the principle of ethical endogeneity necessary for studying ethics in world systems (the economy being a subsystem); the Qur'anic epistemologically soundness of the work; the systemic viability of Naqvi's axioms; the methodology of analysis of the inherent mathematical models and of Naqvi's selection of his policy instruments.
	islamic-finance.net /islamic-economy/chap22.html (11740 words)

	Schumpeter and the Endogeneity of Technology: Some American Perspectives
		This slim but important and compelling book is required reading for anyone who (wrongly) believes that endogenous growth theory has successfully incorporated a theory of technological change, or who is interested in (correctly) understanding the historical process of technological change.
		Second, the historical report cannot be purely economic; therefore it affords the best method for understanding how economic and non-economic facts are related to one another and how the various social sciences should be related to one another.
		Economic forces shape the activities of industrial R&D labs as follows: "The role of industrial scientists and engineers is to improve the performance and reliability of those technologies and reduce costs, as well as to invent entirely new technologies.
	eh.net /bookreviews/library/0661.shtml (1644 words)

	Field: Labor Economics
		Researchers in the field of labor economics are fortunate to have available an abundance of high quality data with which to investigate research questions about the behavior of individuals and firms in labor markets.
		Thomas A. Mroz is a Professor in the Department of Economics, a Fellow in the Carolina Population Center, and a member of the Steering Committee for the Institute for Research in Social Science at the University of North Carolina, Chapel Hill.
		His general areas of research are labor economics and applied econometrics, with a particular interest in the study of life cycle labor supply and occupational choice decisions, the economic determinants of household formation and dissolution, and the study of educational investment and productivity.(home page)
	www.unc.edu /depts/econ/fields/labor.html (3129 words)

	On the full endogeneity of high (Site not responding. Last check: 2007-10-11)
		Since the supply of high-powered money is so obviously endogenous and demand-led under these conditions, this would explain why circuit authors paid little attention to it.
		Renversez (1996: 475) for instance, claims that the functioning of the monetary system in an overdraft economy is “different from that achieved under the control of the central bank in the financial market economy.
		It becomes obvious, once again, that high-powered money is a fully endogenous variable, while the overnight rate is the exogenous interest rate, determined by the target rate set by the Bank of Canada.
	www.warrenmosler.com /docs/on_the_full_endogeneity.htm (6706 words)

	SOAS: SED: Issue 1 No 1: Money supply endogeneity! Who is extra-terrestrial in economics anyway?
		The endogeneity of money supply argument suggests that the CB does not exogenously determine the volume of credit money but the price at which it is supplied.
		The central argument for the endogeneity of credit money is that banks are price setters and quantity takers in both their retail loan and deposit markets.
		Money supply is endogenous but not merely because credit is demand determined but because all the other economic categories, (interest rates, deposits, velocity, exchange rates, prices, CB policies with its relative independence) are all endogenously determined.
	www.soas.ac.uk /SED/Issue1-1/sedat.html (1513 words)

	The Economics of Identity and the Endogeneity of Race
		The Economics of Identity and the Endogeneity of Race
		Economic and social theorists have modeled race and ethnicity as a form of personal identity produced in recognition of the costliness of adopting and maintaining a specific identity.
		These models of racial and ethnic identity recognize that race and ethnicity is potentially endogenous because racial and ethnic identities are fluid.
	ideas.repec.org /p/nbr/nberwo/9962.html (565 words)

	Journal of Real Estate Finance and Economics (Site not responding. Last check: 2007-10-11)
		This paper explores the relative attainment of home ownership of the two ethnic groups by estimating a series of tenure choice models and decomposing the difference in rates into "endowment" and "residual" effects.
		Particular attention is given to the endogeneity of current income and wealth relative to the tenure choice decision, and to the methods for decomposing group mean differences.
		It is shown that controlling for the endogeneity of income and wealth has a substantial impact on the tenure choice and decomposition results.
	www.jrefe.org /ab20-3a5.html (159 words)

	[No title]
		In Islamic political economy seen as the Shuratic world in the interactive phenomena of economics, society, institutions and the pertaining sciences and technology, the goals are manifest as follows (see diagram on homepage):
		The endogeneity of the attributes and hence of knowledge flows is activated by the recreative dynamics of evolutionary epistemology.
		Axiom of Responsibility: Responsibility as an axiom is used by Naqvi as another independent `basis' element of the spanning vector for the economic space.
	faculty.uccb.ns.ca /mchoudhu/chapter22.html (11718 words)

	MARKETS ACCORDING TO THE PRINCIPLE OF ETHICAL ENDOGENEITY IN ISLAMIC ECONOMICS (Site not responding. Last check: 2007-10-11)
		Contrary to Smith’s invisible hands principle and the assumed post-hoc optimality of resource allocation where learning and knowledge cease at the points of optimum and equilibrium either in the midst of full or bounded information (rationality), markets in the Islamic order are ethically guided although not intervened unduly by institutions.
		Thus by the idea of complementarity among factors and goods in the production menu we mean such a complementarity being realized by interactions, integration and creative evolution in the shuratic processes pertaining to a complex of participation among social agents, individuals, variables and their interrelations.
		The true worth of the things exchanged, be these goods or services of factors, is based on their value as determined by use in exchange and by intrinsic value embedded in them.
	islamic-finance.net /islamic-economy/chap/chap-6.html (1792 words)

	List of economics topics - Wikipedia, the free encyclopedia
		This aims to be a complete list of the articles on economics.
		It does not include articles about economists, who are listed in the list of economists.
		Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel
	en.wikipedia.org /wiki/List_of_economics_topics (219 words)

	Policy Endogeneity and the Effects of Trade on the Environment Agricultural and Resource Economics Review - Find ...
		This paper reviews recent work on the implications of endogenous policy for the effects of trade on the environment and the sustainability of renewable resource stocks.
		A recognition that pollution policy is endogenous has had a major impact on the trade and environment literature and has reversed some of the previously established empirical findings.
		For example, if agriculture is intensive in the use of pesticides, and if regulations restrict the amount of pesticide use per hectare of land, then if environmental policy is left unchanged, we might predict that trade liberalization that leads to an expansion of agriculture will increase water pollution because of increased pesticide use.
	www.findarticles.com /p/articles/mi_qa4046/is_200504/ai_n13641972 (376 words)

	[No title]
		Author Affiliations: Vangelis Tzouvelekas in the Department of Economics, University of Crete, Greece; Christos J. Pantzios is in the Department of Economics, University of Patras, Greece; and Christos Fotopoulos is in the Department of Farm Management, University of Ioannina, Greece.
		Author Affiliations: Liu and Kshirsagar are former graduate research assistants and Norton is professor of agricultural and applied economics at Virginia Tech; Johnson is the Frank E. Miller professor of agricultural economics at the University of Missouri; and Thatcher is professor of veterinary medicine at Virginia Tech.
		Long-run benefits are estimated using a combination of economic surplus analysis, travel cost analysis and demand estimation, animal-owner willingness-to-pay based on a survey of practicing veterinarians, and earnings differentials.
	www.agecon.uga.edu /~jaae/abst-ap01.htm (2222 words)

	SSRN-Endogeneity of Currency Areas and Trade Blocs: Evidence from the Inter-War Period by Albrecht Ritschl, Nikolaus ...
		The present paper employs both fixed effects and binary choice methods to trace endogeneity in the formation of historical currency arrangements.
		Ritschl, Albrecht and Wolf, Nikolaus, "Endogeneity of Currency Areas and Trade Blocs: Evidence from the Inter-War Period" (September 29, 2003).
		Humboldt University of Berlin - Faculty of Economics
	papers.ssrn.com /sol3/papers.cfm?abstract_id=467921 (394 words)

	PARC Forum \| October 9, 2003
		In the last decade of the twentieth century, economic theorists turned their attention to the possibility of modelling technological change as an endogenous variable.
		The argument is that, in the course of the twentieth century, organizational changes took place that significantly increased the endogeneity of technological change, and did so more rapidly than was the case in other OECD countries.
		Nathan Rosenberg is Professor of Economics(Emeritus) in the Department of Economics at Stanford University.
	www.parc.xerox.com /cms/get_article.php?id=225 (418 words)

	Home
		Endogeneity is often present in non-experimental data, which is frequently applied in social sciences.
		This presents a problem if the aim of the statistical analysis is to estimate causal effects of one variable upon another.
		I have also conducted research within labour economics and on the economics of ageing.
	www.sam.sdu.dk /~jna/resarea.htm (172 words)

	SSRN-The Endogeneity of Union Status: An Empirical Test by Gregory Duncan, Duane Leigh
		An unsettled issue in the literature relating to the relative wage effect of unions is the appropriate treatment of union status in a wage determination model.
		Using data for a sample of middle-aged white workers, we estimate the parameters of the union and nonunion wage equations with both procedures.
		On the key question of the endogeneity of union status, the Hausman test decisively rejects the null hypothesis of exogeneity.
	papers.ssrn.com /soL3/papers.cfm?abstract_id=692961 (372 words)

	EconPapers: Benefit Entitlement and Unemployment Duration - The Role of Policy Endogeneity
		In the evaluation, we explicitly account for the fact that the program was an endogenous policy response to a crisis affecting individuals with severe labor market problems.
		The main results are: (i) REBP reduced the transition rate to jobs by 17%; (ii) accounting for endogenous policy adoption is important and quantitatively significant.
		Econpapers is hosted by the Department of Business, Economics, Statistics and Informatics at Örebro University.
	econpapers.repec.org /paper/zuriewwpx/112.htm (278 words)

	[No title]
		Institutions as a deep determinant of economic development endogeneity of factor accumulation, endogeneity of savings/investment rates “good institutions,” definition and a shred of theory (economic history) b.
		Mankiw, Gregory, David Romer, and David Weil, “A contribution to the empirics of economic growth,” Quarterly Journal of Economics, 1992.
		Development accounting and endogenous technology choice basic idea technology choice and short-run versus long-run elasticity of substitution aside: development accounting with biased technology and imperfect substitution the empirical approach results References Klenow, P. and Rodriguez-Clare, A. “The Neoclassical Revival in Growth Economics: Has It Gone Too Far?”, NBER Macroeconomics Annual,1997.
	www.vwl.uni-mannheim.de /dekanat/Syllabus.doc (1314 words)

	Knox Abstract (Site not responding. Last check: 2007-10-11)
		Estimation is complicated by the fact that whether or not a loan is secured is endogenous — there is unobserved, borrower-specific, time-varying risk that affects both the price a firm must pay to borrow and whether that firm borrows on a secured or unsecured basis.
		I then lay out the econometric methods that would solve the endogeneity bias if a valid instrument could be found.
		I find that the instrument I consider is not effective in reducing the endogeneity bias, despite its economic plausibility.
	www.hbs.edu /doctoral/placement/abstracts/kknox_abstract.html (372 words)

	Krishna Pendakur, Economics, Simon Fraser University
		I am interested in three major areas of empirical research: (1) the measurement of well-being, poverty, discrimination and economic inequality; (2) the estimation of consumer demand; (3) semi-parametric and non-parametric econometrics.
		Please pay particular attention to: (1) identifying the endogeneity problem that the author is trying to address; (2) assessing the author's proposed solution to the endogeneity problem.
		My aim here is to develop a model where the endogeneity of lagged lny is not a problem.
	www.sfu.ca /~pendakur (3103 words)

	Department of Economics Series Ref: 108 (Site not responding. Last check: 2007-10-11)
		The paper presents a monetary policy model with an endogenous capital stock when a backward looking element in wage setting causes inflation persistence.
		We analyse how the endogeneity of the capital stock changes the macroeconomic dynamics with which policy interacts and its implications for optimal policy and time inconsistency.
		Capital endogeneity can also give rise to disinflation bias under discretion for some parameter values.
	www.economics.ox.ac.uk /Research/WP/PaperDetails.asp?PaperID=140 (130 words)

	Midtown Tuscaloosa - M. Keivan Deravi Resume (Site not responding. Last check: 2007-10-11)
		My contribution was to estimate the economic impact of steel plant closure throughout the United States.
		“Testing the Endogeneity of Military Expenditures in The NATO Allies”, Southern Economic Association, San Antonio, Texas, November 1988 (with James Murdoch and Todd Sandler).
		“The Economic Impact of NAFTA on Alabama ”, Governmental Committee of the Montgomery Area Chamber of Commerce, October 30, 1993.
	www.midtowntuscaloosa.com /deraviresume.html (2612 words)

	The Endogeneity of the Natural Rate of Growth
		As a side test of the endogeneity hypothesis, we also test for the direction of causality between national output and factor inputs for the same set of countries.
		Our results support the idea that the natural rate of growth is responsive to the actual rate of growth and bring to the fore the importance of focusing on demand as well as supply for an understanding of growth rate differences between countries.
		"Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, MIT Press, vol.
	ideas.repec.org /p/ukc/ukcedp/9821.html (778 words)

	Leeds School of Business
		This workshop will explore various ways that endogeneity can arise in choice situations and methods that can be used to explicitly incorporate it into analyses.
		For each of these realms, we will identify methods that have been used to account for the endogeneity, explore the advantages and limitations of each, and suggest potentially valuable new approaches.
		Trudy Cameron (Department of Economics, University of Oregon)
	leeds.colorado.edu /PrintPage.aspx?id=1417 (379 words)

	S-WoPEc: Endogeneity in a Binomial Model
		Abstract: A characterization of endogeneity in the binomial regression model is given.
		Maximum likelihood and nonlinear instrumental variable estimators are obtained and evaluated in a Monte Carlo study.
		A new LM test and a Hausman test against endogeneity are also evaluated.
	swopec.hhs.se /umnees/abs/umnees0440.htm (157 words)

	EconPapers: Institutions and Economic Performance: Endogeneity and Parameter Heterogeneity
		Abstract: The hallmark of the recent development and growth literature is a quest to identify institutions that explain a significant portion of the observed differences in living standards across countries.
		Certainly it is important to know which institutions are lacking in these developing countries, but the analysis provides little evidence for us to know to what extend a common set of institutions actually matters in advanced and developing countries.
		We find that a new set of instruments is necessary to control for endogeneity, but that a common set of economically important institutions does indeed exist among advanced and developing nations.
	econpapers.repec.org /paper/lmumuenec/775.htm (296 words)

	Endogeneity (economics) - Definition from Investor Dictionary - Define meaning of the word Endogeneity (economics)
		Endogeneity (economics) - Definition from Investor Dictionary - Define meaning of the word Endogeneity (economics)
		For example, in the simple supply and demand model, suppose that there is a change in consumer tastes or preferences (an exogenous change).
		This leads to endogenous changes in demand and thus the equilibrium price and quantity.
	www.investordictionary.com /definition/endogeneity+(economics).aspx (171 words)

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