A variable that is taken as given by an economic model. It therefore is subject to direct manipulation by the modeler. In most models, policy variables such as tariffs and par values of pegged exchange ratesare exogenous. Contrasts with endogenous variable.
Related information about exogenous variable:
- Exogeny - Wikipedia, the free encyclopedia
Exogenous (from the Greek words "exo" and "gignomi", meaning "outside" and " to come to be") refers to an action or object coming from outside a system.
- What is exogenous variable? definition and meaning
Definition of exogenous variable: Independent variable that affects a model without being affected by it, and whose qualitative characteristics and method of ...
- Exogenous Variable -- from Wolfram MathWorld
An exogenous variable is an economic variable which is independent of the relationships determining the equilibrium levels, but nonetheless affects the ...
- Exogenous Variable - Financial Dictionary - The Free Dictionary
A variable whose value is determined outside the model in which it is used. Related: Endogenous variable. Exogenous Variable. In a model, any independent ...
- What Is an Exogenous Variable?
An exogenous variable is a factor that's outside an economic model. Though the exogenous variable has an impact on the outcome of...
- Exogenous Variable - Statistics.com - Glossary of statistical terms
The concept of exogenous variable is fundamental in path analysis and structural equation modeling . The complementary concept is endogenous variable ...
- Endogenous variable: A factor in a causal model or causal system ...
... A factor in a causal model or causal system whose value is determined by the states of other variables in the system; contrasted with an exogenous variable.
- Endogenous Variable Definition | Investopedia
... in a supply and demand model is endogenous because it is set by a producer in response to consumer demand. It is the opposite of an exogenous variable.