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The different types of estimators of rational expectations models are surveyed. A key feature is that the model …-in-variables methods, give rise to different estimators. In the former case, a generalised least-squares or maximum-likelihood type …
Persistent link: https://www.econbiz.de/10008459547
Argues preliminarily that quantitative-mathematical social science, including economics, is not possible because it applies a method useful in other areas to a field to which it cannot be applied and because the truth claim of science so conceived is self-referential to begin with. The argument...
Persistent link: https://www.econbiz.de/10004976561
The different types of estimators of rational expectations models are surveyed. A key feature is that the model …‐in‐variables methods, give rise to different estimators. In the former case, a generalised least‐squares or maximum‐likelihood type …
Persistent link: https://www.econbiz.de/10014863851
Argues preliminarily that quantitative‐mathematical social science, including economics, is not possible because it applies a method useful in other areas to a field to which it cannot be applied and because the truth claim of science so conceived is self‐referential to begin with. The...
Persistent link: https://www.econbiz.de/10014862944
finding differs markedly from Riedel’s evidence. It is found that the estimation of Singapore’s export demand model requires …
Persistent link: https://www.econbiz.de/10004976584
the Asian crises of 1997/1998. Each school of thought considers the nature of a speculative attack. However, this model …
Persistent link: https://www.econbiz.de/10005009714
finding differs markedly from Riedel’s evidence. It is found that the estimation of Singapore’s export demand model requires …
Persistent link: https://www.econbiz.de/10014862969
the Asian crises of 1997/1998. Each school of thought considers the nature of a speculative attack. However, this model …
Persistent link: https://www.econbiz.de/10014863001
Econometrics labours under the same limitations as economics: it rests on unrealistic hypotheses (and non-operational concepts) and is isolated from other sciences. It should try to test economic hypotheses and estimate relationships that constitute theory, notwithstanding the poor available...
Persistent link: https://www.econbiz.de/10004976549
This paper has two objectives. First, it investigates some conceptual linkages between the sub-disciplines of development economics and environmental economics. We find common methodological orientations, and shared interests in growth processes, resources and sustainability, international...
Persistent link: https://www.econbiz.de/10004976583