Share This Article:

Economic Definition of exogenous variable. Defined.

Offline Version: PDF

Term exogenous variable Definition: A variable that is identified outside the workings of the model. Also termed an independent variable, an exogenous variable is in essence the "input" of the model. It should be compared with an endogenous variable this is the "output" of the model.


« exhaustible resource | expansion »


Alphabetical Reference to Over 2,000 Economic Terms