Publisher's Synopsis
This volume discusses the nature of exogeneity - a central concept in econometrics - and shows how to test for it through numerous substantive empirical examples. Part 1 considers what exogeneity is and how it can be tested. Part 2 contains applications to models of expenditure, money demand, inflation, wages and prices, and exchange rates across both developed and developing countries. Part 3 extends various tests of constancy and forecast accuracy, which are central to testing super exogeneity.;The papers forming the core of this book (from two special issues of the Journal of Policy Modeling ) provide a unified perspective on applied econometric modelling in general and on exogeneity tests in particular. The applications are diverse, with a broad appeal to the applied economist.;Econometricians and graduate studies of econometrics; applied economists wishing to implement recent tests of exogeneity.
