Causality tests and observationally equivalent representations of econometric models

Causality tests and observationally equivalent representations of econometric models

This article deals with the problem of observational equivalence (of alternative econometric equation systems on the same data) as a practical obstacle to econometricians' success in applying definitions of ‘causality’ by Simon (1953), Strotz and Wold (1960), and Granger (1969) to economic time...

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Veröffentlicht in:Journal of econometrics 1988-09, Vol.39 (1), p.69-104
1. Verfasser: Basmann, R.L.
Format: Artikel
Sprache:eng
Schlagworte:
Causality
Econometrics
Economic models
Mathematical models
Tests
Time series
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Beschreibung
Zusammenfassung:This article deals with the problem of observational equivalence (of alternative econometric equation systems on the same data) as a practical obstacle to econometricians' success in applying definitions of ‘causality’ by Simon (1953), Strotz and Wold (1960), and Granger (1969) to economic time-series.
ISSN:0304-4076
1872-6895
DOI:10.1016/0304-4076(88)90041-3