| 1. | Note that both endogenous variables depend on the exogenous variable " Z ".
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| 2. | Consequently, they assert that economic models must take these typically exogenous variables into account.
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| 3. | Again, each endogenous variable depends on potentially each exogenous variable.
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| 4. | In today's global business, however, multinational activities represent much more than just an exogenous variable.
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| 5. | Where z and w are vectors of exogenous variables.
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| 6. | The main exogenous variables are the gross domestic product and population for each country or region.
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| 7. | Without further restrictions, the first equation is not identified because there is no excluded exogenous variable.
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| 8. | To solve this problem, Dunning, for example, treats multinational activities as a third exogenous variable which should be added to Porter's model.
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| 9. | The transition might depend on the "'past values "'of the " x " series ( similar to the SETAR models ), or exogenous variables.
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| 10. | For that, we would need an exogenous variable which is included in the supply equation of the structural model, but not in the demand equation.
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