RECURSIVE VS. NONRECURSIVE SYSTEMS: AN ATTEMPT AT SYNTHESIS (PART I OF A TRIPTYCH ON CAUSAL CHAIN SYSTEMS)

@article{Strotz1960RECURSIVEVN,
  title={RECURSIVE VS. NONRECURSIVE SYSTEMS: AN ATTEMPT AT SYNTHESIS (PART I OF A TRIPTYCH ON CAUSAL CHAIN SYSTEMS)},
  author={Robert H. Strotz and Atle L. Wold},
  journal={Econometrica},
  year={1960},
  volume={28},
  pages={417}
}
This paper, which in part serves as a common introduction to the two papers following in this issue, attempts to define the meaning of the "causal interpretability of a parameter" in a system of simultaneous linear relationships. It attempts, moreover, to expound a basis for interpreting the parameters of a nonrecursive or interdependent system causally. This is done in terms of an underlying causal chain system to which the interdependent system is either an approximation or a description of… 

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