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International Statistical Review
Article . 2008 . Peer-reviewed
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Article . 2008
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Article . 2008 . Peer-reviewed
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Research . 2008
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Research . 2008
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Econometric Causality

Econometric causality
Authors: Heckman, James J.;
Abstract

Summary This paper presents the econometric approach to causal modelling. It is motivated by policy problems. New causal parameters are defined and identified to address specific policy problems. Economists embrace a scientific approach to causality and model the preferences and choices of agents to infer subjective (agent) evaluations as well as objective outcomes. Anticipated and realized subjective and objective outcomes are distinguished. Models for simultaneous causality are developed. The paper contrasts the Neyman–Rubin model of causality with the econometric approach.

Keywords

causality, Treatment effects, econometrics, Ökonometrie, Econometrics, causality, econometrics , Roy model , Neyman–Rubin model , subjective and objective evaluations , anticipated vs. realized outcomes , counterfactuals , treatment effects, Neyman-Rubin model, Applications of statistics to economics, Anticipated vs. realized outcomes, subjective and objective evaluations, ddc:330, Neyman–Rubin model, Causality; Econometrics; Roy model; Neyman–Rubin model; Cubjective and objective evaluations; Anticipated vs. realized outcomes; Counterfactuals; Treatment effects; Causation--Econometric models; Econometrics, treatment effects, Cubjective and objective evaluations, subjective and objective evaluations, Neyman-Rubin model, Roy model, causality, econometrics, treatment effects, counterfactuals, anticipated vs. realized outcomes, counterfactuals, Causality, B41, anticipated vs. realized outcomes, Kausalanalyse, Counterfactuals, Causation--Econometric models, Theorie, Roy model, jel: jel:B41

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    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    217
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 1%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Top 1%
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Top 1%
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
217
Top 1%
Top 1%
Top 1%
bronze