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Trygve Haavelmo's The Probability Approach in Econometrics (1944) has been widely regarded as the foundation document … of modern econometrics. Nevertheless, its significance has been interpreted in widely different ways. Some modern … theory and data. Others credit Haavelmo with an approach that focuses on statistical adequacy rather than theoretical …
Persistent link: https://www.econbiz.de/10011708115
This article poses a new methodology applying the statistical analysis to the economic literature. This analysis has never been used in the history of economic thought, albeit it may open up new possibilities and provide us with further explanations so as to reconsider theoretical issues. With...
Persistent link: https://www.econbiz.de/10011293521
The welcome rise of replication tests in economics has not been accompanied by a single, clear definition of replication. A discrepant replication, in current usage of the term, can signal anything from an unremarkable disagreement over methods to scientific incompetence or misconduct. This...
Persistent link: https://www.econbiz.de/10010513464
methodological characteristics of Austrian economics: Austrian action theory and interpretative understanding, a relatively …
Persistent link: https://www.econbiz.de/10012698010
business-cycle models. -- business cycles ; time-series econometrics …
Persistent link: https://www.econbiz.de/10009676164
The idea that certain economic variables are roughly constant in the long-run is an old one. Kaldor described them as stylized facts, whereas Klein and Kosobud labelled them great ratios. While such ratios are widely adopted in theoretical models in economics as conditions for balanced growth,...
Persistent link: https://www.econbiz.de/10013041372
econometrics, microfoundations, and the New Classical macroeconomics. …
Persistent link: https://www.econbiz.de/10011903527
inconsistent with a theory, there must be a "short proof" of this inconsistency. We model the concept of a short proof using tools …
Persistent link: https://www.econbiz.de/10009744148
Der Beitrag stellt die Aufgabe des verfassungsökonomisch argumentierenden Wissenschaftlers vor. Der Verfassungsökonom sucht nach Möglichkeiten der gemeinsamen Besserstellung für die Bürger, die sich insbesondere durch Reformen der die Ordnung bildenden Regeln ergeben. Seine Vorschläge sind...
Persistent link: https://www.econbiz.de/10010503156
This paper has two sources: One is my own research in three broad areas: business cycles, economic measurement and social choice. In all of these fields I attempted to apply the basic precepts of the scientific method as it is understood in the natural sciences. I found that my effort at using...
Persistent link: https://www.econbiz.de/10010439382