The EXOGENOUS statement declares model variables and identifies
them as exogenous.
You can declare model variables with an EXOGENOUS statement
instead of with a VAR statement to help document the model
or to indicate the default instrumental variables.
The variables declared exogenous are used as instruments
when an instrumental variables
estimation method is requested (such as N2SLS or N3SLS)
and an INSTRUMENTS statement is not used.
Valid abbreviations for the EXOGENOUS statement are EXOG and EXO.
- EXOGENOUS variable [initial-values] ... ;
The EXOGENOUS statement optionally provides initial values for lagged
See "Lag Logic" in the "Functions Across Time" section for more information.
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