The results show the existence of a conditional convergence from the point of view of the
endogenous variables for each of the equations.
The
endogenous variable [MAV.sub.i] is defined as the mean absolute value of real exchange rate pressures, which represents sensitivity to trends in real appreciation.
The IRF traces the response of an
endogenous variable to a shock in that variable and in every other
endogenous variable.
where [eta] is vector of constants; [Y.sub.t] is k of model variables; [U.sub.t] is a vector of random model components; [C.sub.s] is a parameter matrix of
endogenous variables in the VAR space, delayed by s periods.
M1 is constructed with three
endogenous variables (item 1 - item 3, Table 3) and seventeen exogenous variables (item 4 - item 20, Table 3) to estimate ferry SQ.
Car ownership and travel distance are the
endogenous variables in some relationships and also the exogenous variables of car use behavior.
where [mathematical expression not reproducible] is estimated by [T.sup.-1] [[summation].sup.T.sub.t=1] [[??].sub.t][[??]'.sub.f] and [n.sup.*] is the total number of parameters in each equation of the model when n is the lag order of the
endogenous variables.
Where [y.sub.t] is a vector of
endogenous variables, [[gamma].sub.0] is constant, [y.sub.t-1] is a vector of their Lagged values, [[epsilon].sub.t] is a vector of disturbance terms of variables which reflect exogenous shocks, B is a square matrix of structural parameters, A(L) is the matrix of lag polynomials, M is the matrix that shows the response of
endogenous variables to the structural shocks.
For this purpose, two unobserved exogenous (i.e., knowledge and attitude), one unobserved endogenous (i.e., practice) and ten observed
endogenous variables were specified.