"Exogenous" and "endogenous" are two words that get thrown around a lot in higher-level economics courses. Since these are real words and not specifically "economics terms", classes seldom define them ...

Findings: The traditional OLS, RE, and FE estimators may be inconsistent in the presence of endogeneity problems that are quite plausible in the context of corporate finance. On the other hand, the ...

The classical economic model treats the wage rate as an exogenous variable, which can be puzzling when considering the endogeneity of the price of subsistence goods. To break this down, exogeneity ...

aDepartment of Health Services Research, The University of Texas MD Anderson Cancer Center, Houston, TX, USA bDepartment of Biostatistics, The University of Texas MD Anderson Cancer Center, Houston, ...

The 2024 Nobel Prize in Economics has been awarded to Acemoglu, Johnson and Robinson “for studies of how institutions are formed and affect prosperity”. This article went live on December eleventh, ...

Abstract: In this article, it is established empirically that the strategic effectiveness of research and development (R&D) in multinational enterprises (MNEs) differs over different time periods. Two ...

Regression discontinuity design (RDD) is a quasi-experimental approach to study the causal effect of an exposure on later outcomes by exploiting the discontinuity in the exposure probability at an ...

This paper introduces the U.S. Monetary Policy Event-Study Database (USMPD), a novel, public, and regularly updated dataset of financial market data around Federal Open Market Committee (FOMC) policy ...