4, it is clear that transformative process has the most direct affect on the endogenous variable
of new products development.
output gap and inflation, there is a need to introduce vectors of length nq where n denotes the number of endogenous variables
and q denotes their lag order.
As noted, we estimate three first-stage equations to generate predicted values for the endogenous variables
Block exogeneity refers to the exclusion of all the endogenous variables
from the VECM other than the lags of the dependent variable.
This test is rejected in all estimations, indicating that the excluded instruments are relevant in explaining our endogenous variables
Thus, all questions and aspects of endogenous variables
of the research may be used in structural equations model.
Hence, Information Disclosure, Population of Construction, and Unemployment are treated as endogenous variables
in the Dynamic Panel model for the purpose of controlling for estimation bias.
The null hypothesis is that the specified endogenous variables
can actually be treated as exogenous.
To predict the endogenous variables
of the model, we predicted the exogenous variables first, such as the number of researchers and the growth rate of the world economy.
Description of Endogenous Variables
Both endogenous variables
are based on lenders that joined the syndicate during the general syndication stage.
are variables with causal links leading to them from other variables in the model.
Table 2: Model Parameters for Two-Factor Model: Wave 1 Path B Antecendants to latent endogenous variables
Roles [right arrow] Childbearing .