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PATH ANALYSIS: AN EXAMPLE
Author(s) -
Breen Richard
Publication year - 1983
Publication title -
journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.157
H-Index - 61
eISSN - 1477-9552
pISSN - 0021-857X
DOI - 10.1111/j.1477-9552.1983.tb01014.x
Subject(s) - path analysis (statistics) , covariance , path (computing) , econometrics , analysis of covariance , variable (mathematics) , path coefficient , regression analysis , causal analysis , regression , mathematics , structural equation modeling , variables , statistics , computer science , mathematical analysis , programming language
This paper describes the technique of path analysis using data from Scully (1962). Path analysis is a method of decomposing covariances or correlations between two variables in a structural equation model in order to determine how much of this covariance is attributable to a theoretically specified causal effect of one variable on the other. In so far as it allows us to assess the relative importance of different explanatory variables in a more adequate manner than does regression, path analysis is a technique of wide potential applicability to economists and sociologists.