Endogeneity

Endogeneity Problem
Simultaneous causality between the dependent variable and an endogenous variable, rendering ordinary least squares estimation biased and inconsistent
Endogenous Variable
A variable whose value is determined by the equilibrium of a system, contrasted with an exogenous variable which is externally imposed.
Instrumental Variable
An overview of the concept of instrumental variables in econometrics, used to address endogeneity problems in regression analysis.
Predetermined Variable - Definition and Meaning
An entry defining the concept of a predetermined variable in econometric models, its significance, and its use in solving the endogeneity problem.
Two-Stage Least Squares
An econometric method addressing endogeneity in linear regression models by using instrumental variables.