Zaman, Asad (2008): Causal Relations via Econometrics.
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Applied econometric work takes a superficial approach to causality. Understanding economic affairs, making good policy decisions, and progress in the economic discipline depend on our ability to infer causal relations from data. We review the dominant approaches to causality in econometrics, and suggest why they fail to give good results. We feel the problem cannot be solved by traditional tools, and requires some out-of-the-box thinking. Potentially promising approaches to solutions are discussed.
|Item Type:||MPRA Paper|
|Original Title:||Causal Relations via Econometrics|
|Keywords:||causality, regression, Granger Causality, Exogeneity, Cowles Commission, Hendry Methodology, Natural Experiments|
|Subjects:||C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C59 - Other|
|Depositing User:||Asad Zaman|
|Date Deposited:||30. Aug 2008 09:36|
|Last Modified:||12. Feb 2013 04:42|
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