This paper examines different approaches for assessing causality as typically followed in econometrics and proposes a …-friendly simulation and information-theory based approaches. Finally, in a constructive perspective, structural causal modeling (SCM) is …

This paper examines different approaches for assessing causality as typically followed in econometrics and proposes a …-friendly simulation and information-theory based approaches. Finally, in a constructive perspective, structural causal modeling (SCM) is …

This chapter discusses models used in econometrics. Models play a major role in all econometric studies, whether … theoretical or applied. Defining econometrics as the branch of economics concerned with the empirical estimation of economic … relationships, models, together with data, represent the basic ingredients of any econometric study. The theory of the phenomena …