Causality in Economics and Econometrics
Publication
, Journal Article
Hoover, KD
January 1, 2018
Economics was conceived as early as the classical period as a science of causes. The philosopher-economists David Hume and J. S. Mill developed the conceptions of causality that remain implicit in economics today. This article traces the history of causality in economics and econometrics, showing that different approaches can be classified on two dimensions: process versus structural approaches, and a priori versus inferential approaches. The variety of modern approaches to causal inference is explained and related to this classification. Causality is also examined in relationship to exogeneity and identification.
Duke Scholars
Citation
APA
Chicago
ICMJE
MLA
NLM
Hoover, K. D. (2018). Causality in Economics and Econometrics, 1446–1457. https://doi.org/10.1057/978-1-349-95189-5_2227
Hoover, K. D. “Causality in Economics and Econometrics,” January 1, 2018, 1446–57. https://doi.org/10.1057/978-1-349-95189-5_2227.
Hoover KD. Causality in Economics and Econometrics. 2018 Jan 1;1446–57.
Hoover, K. D. Causality in Economics and Econometrics. Jan. 2018, pp. 1446–57. Scopus, doi:10.1057/978-1-349-95189-5_2227.
Hoover KD. Causality in Economics and Econometrics. 2018 Jan 1;1446–1457.