Defined parameters
Posted: Fri Nov 21, 2014 10:41 pm
Could defined parameters be a function of some endogenous variable?
Generally, according to my understanding defined parameters should be a function of other parameters. However, if I transformed a parameter to an endogenous variable, how should I define the other parameters?
So, the question is, is it possible to have an endogenous variable in the equations for some parameters?
Thanks a lot in advance
Generally, according to my understanding defined parameters should be a function of other parameters. However, if I transformed a parameter to an endogenous variable, how should I define the other parameters?
So, the question is, is it possible to have an endogenous variable in the equations for some parameters?
Thanks a lot in advance