Simultaneous causality between the dependent variable and an endogenous variable, rendering ordinary least squares estimation biased and inconsistent
A variable whose value is determined by the equilibrium of a system, contrasted with an exogenous variable which is externally imposed.
An overview of the concept of instrumental variables in econometrics, used to address endogeneity problems in regression analysis.
An entry defining the concept of a predetermined variable in econometric models, its significance, and its use in solving the endogeneity problem.
An econometric method addressing endogeneity in linear regression models by using instrumental variables.
