Question
Endogeneity: A Challenge. The main goal of any econometric model is to isolate exogenous variation of the independent variable on the outcome variable . But
Endogeneity: A Challenge. The main goal of any econometric model is to isolate exogenous variation of the independent variable on the outcome variable . But what if is endogenous? Explain endogeneity and state the condition for endogeneity to exist. If is indeed endogenous, will the slope estimate 1 remain unbiased? Why or why not?
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International Business
Authors: John Daniels, Lee Radebaugh, Daniel Sullivan
15th edition
133457230, 978-0133457230
