Edited by Frederic S. Lee and Bruce Cronin
Chapter 10: Regression analysis: a review
This chapter presents a heterodox critique of regression analysis in economics in the sense that it reviews whether critical realist concerns should lead to the abandonment of regression analysis. A review of the different ways in which econometrics has tried to cope with the generally agreed difficulties of identification is presented. The critical realist position is then examined, and its argument that the general econometric approach is indicative of an ontologically illegitimate application of a closed system to a structured open system. The chapter closes by arguing that set within the context that causes of events might relatively endure, but are subject to change, regression analysis can be linked to other forms of evidence in an empirical strategy.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.