Year: 2011
Type: article
Abstract: The concept of causality formulated in 1969 by C.W.J. Granger is mostly popular in the econometric literature. The central assumption of the concept is the fact that the cause precedes the effect and can help in forecasting the effect. Years of application of Granger causality idea have resulted in many misunderstandings related with the interpretation of the empiricalfindings. The paper focuses on systematization of the definitions based on Granger concept and their proper interpretation.
Source: Dynamic Econometric Models
Author: Magdalena Osińska
Institution: Nicolaus Copernicus University
Language: English
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W1995652401