An exogenous variable is an economic variable which is independent of the relationships determining the equilibrium levels, but nonetheless affects the equilibrium.
Exogenous Variable
See also
Endogenous VariableExplore with Wolfram|Alpha
References
Iyanaga, S. and Kawada, Y. (Eds.). Encyclopedic Dictionary of Mathematics. Cambridge, MA: MIT Press, p. 458, 1980.Lewis-Beck, M. S.; Bryman, A. E.; and Liao, T. F. (Eds.). The SAGE Encyclopedia of Social Science Research Methods. Thousand Oaks, CA: Sage Publications, 2003.Referenced on Wolfram|Alpha
Exogenous VariableCite this as:
Weisstein, Eric W. "Exogenous Variable." From MathWorld--A Wolfram Web Resource. https://mathworld.wolfram.com/ExogenousVariable.html