Endogenous and exogenous are economic terms to describe internal and external factors respectively affecting business production, efficiency, growth and profitability. You are not able to control all ...

Comparative Statics, tracking an optimal or equilibrium value as an exogenous variable changes, ceteris paribus, is the heart of economic analysis. By building models and analyzing the comparative ...

We analyse the large and diverse literature on technical change in integrated assessment models (IAMs) of climate change, with a view to understanding how different representations of technical change ...

The latest winner of the Nobel Prize in Economic Sciences is Professor Paul Romer. He achieved this prestigious accolade for his work on endogenous growth theory Professor Paul Romer's theory ...