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The relationship between public expenditure and aggregate income has long been debated in economic literature. According to Wagner, expenditure is an endogenous factor or an outcome. On the other hand, Keynes considered public expenditure as an exogenous factor to be used as a policy instrument...
Persistent link: https://www.econbiz.de/10008694002
, and the question arises how the recently proposed concept of nominal correlation and regression (NCR) relates to it. (1 … regressions, NRC may show that the correlation still is low. (5) Risk difference regression may be a bridge to understand more …
Persistent link: https://www.econbiz.de/10005837360
Nominal data currently lack a correlation coefficient, such as has already defined for real data. A measure is possible … association matrix. If that matrix is also positive semi-definite (PSD) then it is a proper correlation matrix. The overall … correlation then is R = f[R] where f can be chosen to impose PSD-ness. An option is to use f[R] = Sqrt[1 - det[R]]. However, for …
Persistent link: https://www.econbiz.de/10005621267
Nominal data currently lack a correlation coefficient, such as has already defined for real data. A measure is possible … contingency matrix, we can construct a matrix of pairwise correlations R so that the overall correlation is f[R]. An option is to … take the maximal multiple correlation within R. …
Persistent link: https://www.econbiz.de/10005621531
Basic causality is that a cause is present or absent and that the effect follows with a success or not. This happy state of affairs becomes opaque when there is a third variable that can be present or absent and that might be a seeming cause. The 2 x 2 x 2 layout deserves the standard name of...
Persistent link: https://www.econbiz.de/10005789473