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This paper presents the econometric approach to causal modeling. It is motivated by policy problems. New causal parameters are defined and identified to address specific policy problems. Economists embrace a scientific approach to causality and model the preferences and choices of agents to...
Persistent link: https://www.econbiz.de/10010274247
) claims to follow and expresses some serious doubt that econometrics in particular can make economics a hard science …
Persistent link: https://www.econbiz.de/10010322736
This paper presents the software framework JStatCom which is geared towards the development of rich GUI clients for numerical procedures. The concept is to solve all recurring tasks with the help of reusable Java components. Optionally, one can delegate the execution of special numerical...
Persistent link: https://www.econbiz.de/10010263603
computable equilibrium models, econometrics, and global commodity chain analysis. Accounting of flows includes different physical …
Persistent link: https://www.econbiz.de/10010270035
only limited success in the US as a tool for doing empirical macroeconomics, where what might be called a ?theory comes … such research methods. The US ?theory comes first? approach fits much better with the journal publication metric. …
Persistent link: https://www.econbiz.de/10010295269
Measurement forms the substance of econometrics. This chapter outlines the history of econometrics from a measurement … perspective - how have measurement errors been dealt with and how, from a methodological standpoint, did econometrics evolve so as … to represent theory more adequately in relation to data? The evolution is organized in terms of four phases: 'theory and …
Persistent link: https://www.econbiz.de/10010289028
In this paper, we run regression analyses to explain voluntary turnover intentions with data from more than 5,000 employees and with about 250 explanatory variables. The findings of our multi-factor approach highlight the fact that previous empirical research might have over-estimated the impact...
Persistent link: https://www.econbiz.de/10011733913
The objectives of this paper are to propose and to implement for the French case an approach for the estimation of consumers' willingness to pay for tap water quality. This method is indirect and is based on the observation of the households' demands for soft drinks and bottled water. The lack...
Persistent link: https://www.econbiz.de/10011608364
Persistently high unemployment, tight government budgets and the growing scepticism regarding the effects of active labour market policies (ALMP) are the basis for a growing interest in evaluating these measures. This paper intends to explain the need for evaluation on the micro- and...
Persistent link: https://www.econbiz.de/10010262444
systems and control theory, it is shown how to reduce the dimension of the state and the policy vector so that the reduced …
Persistent link: https://www.econbiz.de/10010294018