This paper is an applied analysis of the causal structure of linear multi-equational econometric models. Its aim is to identify the kind of relationships linking the endogenous variables of the model, distinguishing between causal links and feedback loops. The investigation is first carried out within a deterministic framework and then moves on to show how the results may change inside a more realistic stochastic context. The causal analysis is then specifically applied to a linear simultaneous equation model explaining fertility rates. The analysis is carried out by means of a specific RATS programming code designed to show the specific nature of the relationships within the model.

Barbieri, L., Causality and interdependence analysis in linear econometric models with an application to fertility, <<JOURNAL OF APPLIED STATISTICS>>, 2013; 40 (8): 1701-1716. [doi:10.1080/02664763.2013.793660] [http://hdl.handle.net/10807/45069]

Causality and interdependence analysis in linear econometric models with an application to fertility

Barbieri, Laura
2013

Abstract

This paper is an applied analysis of the causal structure of linear multi-equational econometric models. Its aim is to identify the kind of relationships linking the endogenous variables of the model, distinguishing between causal links and feedback loops. The investigation is first carried out within a deterministic framework and then moves on to show how the results may change inside a more realistic stochastic context. The causal analysis is then specifically applied to a linear simultaneous equation model explaining fertility rates. The analysis is carried out by means of a specific RATS programming code designed to show the specific nature of the relationships within the model.
2013
Inglese
Barbieri, L., Causality and interdependence analysis in linear econometric models with an application to fertility, <<JOURNAL OF APPLIED STATISTICS>>, 2013; 40 (8): 1701-1716. [doi:10.1080/02664763.2013.793660] [http://hdl.handle.net/10807/45069]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10807/45069
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