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Understanding spurious correlation: a rejoinder to Kliman

Author

Listed:
  • Emilio Díaz
  • Rubén Osuna

Abstract

This paper is a rejoinder to Kliman's (2008-9) reply to a paper published in the >i>Journal of Post Keynesian Economics>/i> by Díaz and Osuna (2005-6). We show that Kliman's reasoning about spurious correlation rests on the popular confusion between correlation and causation.

Suggested Citation

  • Emilio Díaz & Rubén Osuna, 2008. "Understanding spurious correlation: a rejoinder to Kliman," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 31(2), pages 357-362, December.
    • Handle: RePEc:mes:postke:v:31:y:2008:i:2:p:357-362
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    Citations

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    Cited by:

    1. Andrea Vaona, 2014. "A panel data approach to price–value correlations," Empirical Economics, Springer, vol. 47(1), pages 21-34, August.
    2. Andrea Vaona, 2012. "Price-price deviations are highly persistent - extended version," Working Papers 08/2012, University of Verona, Department of Economics.
    3. Vaona, Andrea, 2015. "Price–price deviations are highly persistent," Structural Change and Economic Dynamics, Elsevier, vol. 33(C), pages 86-95.

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