Showing 1 - 10 of 656,811
'theory first' versus the 'data first' perspectives in the context of a broader methodological framework with a view to …
Persistent link: https://www.econbiz.de/10013132220
'theory first' versus the 'data first' perspectives in the context of a broader methodological framework with a view to …. -- Econometric methodology ; 'general-to-specific' ; pre-eminence of theory ; VAR ; statistical adequacy ; realisticness of theory …
Persistent link: https://www.econbiz.de/10003721296
The present financial and economic crisis has revealed a systemic failure of academic economics and emphasized the need to re-think how to model economic phenomena. Lawson (2009) seems concerned that critics of standard models now will fill academic journals with contributions that make the same...
Persistent link: https://www.econbiz.de/10014204400
the 'theory first' versus the 'data first' perspectives in the context of a broader methodological framework with a view …
Persistent link: https://www.econbiz.de/10013132117
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/10003672225
'theory first' versus the 'data first' perspectives in the context of a broader methodological framework with a view to …
Persistent link: https://www.econbiz.de/10010295282
the 'theory first' versus the 'data first' perspectives in the context of a broader methodological framework with a view …
Persistent link: https://www.econbiz.de/10010298629
We investigate if, and under which conditions, the distinction between dictatorial and incentive-based policy interventions affects the capacity of Instrument Variable (IV) methods to estimate the relevant treatment effect parameter of an outcome equation. The analysis is set in a non-trivial...
Persistent link: https://www.econbiz.de/10003944633
We build on Rosenzweig and Wolpin (2000) and Keane (2010) and show that in order to fulfill the Instrumental variable (IV) identifying moment condition, a policy must be designed so that compliers and non-compliers either have the same average error term, or have an error term ratio equal to...
Persistent link: https://www.econbiz.de/10009530717
We investigate if, and under which conditions, the distinction between dictatorial and incentive-based policy interventions affects the capacity of Instrument Variable (IV) methods to estimate the relevant treatment effect parameter of an outcome equation. The analysis is set in a non-trivial...
Persistent link: https://www.econbiz.de/10010269878