You are not currently logged in.
Access your personal account or get JSTOR access through your library or other institution:
If You Use a Screen ReaderThis content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Recursive vs. Nonrecursive Systems: An Attempt at Synthesis (Part I of a Triptych on Causal Chain Systems)
Robert H. Strotz and H. O. A. Wold
Vol. 28, No. 2 (Apr., 1960), pp. 417-427
Published by: The Econometric Society
Stable URL: http://www.jstor.org/stable/1907731
Page Count: 11
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Preview not available
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 "casual 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 casually. This is done in terms of an underlying causal chain system to which the interdependent system is either an approximation or a description of the equilibrium state.
Econometrica © 1960 The Econometric Society