Oxley, Les; McAleer, Michael - In: Journal of Economic Surveys 7 (1993) 1, pp. 1-40
The paper critically reviews the literature on the econometric issues raised by the use of generated regressors (GR) in empirical models. The economic rationale for the use of GR is considered, with examples being drawn from several macroeconomic examples, including New Classical Macroeconomic...