Bergh, Andreas; Wichardt, Philipp C. - 2024 - This version: July 9, 2024
Establishing causal relationships is a core aspect of empirical economics. Borrowing ideas from the medical sciences … its fit with the existing background knowledge. Moreover, we argue that the current paradigm in economics (often connected … illustrate and substantiate this view, we discuss various excellent studies from different fields of economics, which all express …