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http://ssrn.com/abstract=930741
 
 

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Economic Theory and Causal Inference


Kevin D. Hoover


Duke University - Departments of Economics and Philosophy


HANDBOOK OF THE PHILOSPHY OF ECONOMICS, Uskali Mäki, ed., Forthcoming
THE HANDBOOK OF THE PHILOSOPHY OF SCIENCE, Dov Gabbay, Paul Thagard, and John Woods, eds., Elsevier/North-Holland, Amsterdam, Forthcoming

Abstract:     
The article explores the relationship between the main approaches to causality in economics dividing them into reductionist and structuralist accounts. The approaches of the Cowles Commission, Granger-causality, causality as invariance under interventions, and graph-theoretic approaches to causality are considered with special attention to how they relate causal inference to economic theory.

Number of Pages in PDF File: 47

Keywords: causality, causal inference, economic theory, econometrics, Cowles Commission, graph theory, invariance, Granger-causality, exogeneity, superexogeneity, structural vector autoregressions, Lucas critique

JEL Classification: B41, B16, B23, C10

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Date posted: September 18, 2006  

Suggested Citation

Hoover, Kevin D., Economic Theory and Causal Inference. HANDBOOK OF THE PHILOSPHY OF ECONOMICS, Uskali Mäki, ed., Forthcoming ; THE HANDBOOK OF THE PHILOSOPHY OF SCIENCE, Dov Gabbay, Paul Thagard, and John Woods, eds., Elsevier/North-Holland, Amsterdam, Forthcoming . Available at SSRN: http://ssrn.com/abstract=930741

Contact Information

Kevin D. Hoover (Contact Author)
Duke University - Departments of Economics and Philosophy ( email )
Durham, NC 27708-0204
United States
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