@@ -66,6 +66,13 @@ The iframe below contains a PDF of {cite}`AllenEtAl:2023` "The Economic Origins
6666(SecBasicEmpCorrCaus)=
6767## Correlation versus Causation
6868
69+ ``` {figure} ../../../images/basic_empirics/basic_empirics/CorrVsCaus.png
70+ :height: 500px
71+ :name: FigBasicEmpir_CorrVsCaus
72+
73+ Correlation versus causation comic by {cite}`Elliott:2023`.
74+ ```
75+
6976What is the difference between correlation and causation?
7077* What are some examples of things that are correlated but do not "cause" each other?
7178
@@ -174,7 +181,7 @@ plt.grid(color='gray', linestyle=':', linewidth=1, alpha=0.5)
174181plt.show()
175182```
176183
177- ``` {figure} ../../../images/basic_empirics/scatter1.png
184+ ``` {figure} ../../../images/basic_empirics/basic_empirics/ scatter1.png
178185:height: 500px
179186:name: FigBasicEmpir_scatter1
180187
@@ -239,7 +246,7 @@ plt.grid(color='gray', linestyle=':', linewidth=1, alpha=0.5)
239246plt.show()
240247```
241248
242- ``` {figure} ../../../images/basic_empirics/scatter2.png
249+ ``` {figure} ../../../images/basic_empirics/basic_empirics/ scatter2.png
243250:height: 500px
244251:name: FigBasicEmpir_scatter2
245252
@@ -264,7 +271,7 @@ plt.grid(color='gray', linestyle=':', linewidth=1, alpha=0.5)
264271plt.show()
265272```
266273
267- ``` {figure} ../../../images/basic_empirics/scatter3.png
274+ ``` {figure} ../../../images/basic_empirics/basic_empirics/ scatter3.png
268275:height: 500px
269276:name: FigBasicEmpir_scatter3
270277
@@ -331,7 +338,7 @@ plt.title('OLS relationship between expropriation risk and income (Fig. 2 from A
331338plt.show()
332339```
333340
334- ``` {figure} ../../../images/basic_empirics/AcemogluEtAl_fig2.png
341+ ``` {figure} ../../../images/basic_empirics/basic_empirics/ AcemogluEtAl_fig2.png
335342:height: 500px
336343:name: FigBasicEmpir_AcemFig2
337344
@@ -522,7 +529,7 @@ plt.ylabel('Log GDP per capita, PPP, 1995')
522529plt.show()
523530```
524531
525- ``` {figure} ../../../images/basic_empirics/AcemogluEtAl_predvals.png
532+ ``` {figure} ../../../images/basic_empirics/basic_empirics/ AcemogluEtAl_predvals.png
526533:height: 500px
527534:name: FigBasicEmpir_AcemPredVals
528535
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