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Causal instrumental variables and interventions

By Julian Reiss


The aim of this paper is to introduce the instrumental variables technique to the discussion about causal inference in econometrics. I show that it may lead to causally incorrect conclusions unless some fairly strong causal background assumptions are made, assumptions which are usually left implicit by econometricians. These assumptions are very similar to, albeit not identical with, James Woodward’s definition of an ‘intervention’. I discuss similarities and differences of the two points of view and argue that—understood as a practical method of causal inference—the set presented here is superior

Topics: HB Economic Theory
Publisher: University of Chicago Press
Year: 2005
DOI identifier: 10.1086/508953
OAI identifier:
Provided by: LSE Research Online
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