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 ...

The British Industrial Revolution is reviewed in the light of recent developments in modeling economic growth. It is argued that "endogenous innovation" models may be useful in this context ...

This paper reconsiders the welfare effects of a transfer payment in a two-commodity world with two agents (countries), by taking the presence of exogenous and endogenous distortions into account. When ...