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Understanding spurious correlation: a rejoinder to Kliman

Emilio Díaz and Ruben Osuna ()
Authors registered in the RePEc Author Service: Emilio Díaz ()

Journal of Post Keynesian Economics, 2008, vol. 31, issue 2, 357-362

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.

Keywords: causality testing; least squares estimation; spurious correlation (search for similar items in EconPapers)
Date: 2008
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