Buck, Andrew Jepherson; Lady, George M. - In: Econometrics : open access journal 3 (2015) 3, pp. 466-493
This paper shows that a qualitative analysis, i.e., an assessment of the consistency of a hypothesized sign pattern for structural arrays with the sign pattern of the estimated reduced form, can always provide decisive insight into a model's validity both in general and compared to other models....
