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Economic Summary of 2005: Results of Econometric Analysis
Persistent link: https://www.econbiz.de/10010841025
This study exposes the specious quality of ‘endogeneity bias'. It reviews how conceptualisation of the bias has evolved to embrace all major econometric problems, despite extensive lack of hard evidence. It reveals the crux of the bias – a priori rejection, as conditionally invalid, of...
Persistent link: https://www.econbiz.de/10012965988
Mathematical molding disappeared in the changeover from methods to specify causal mechanisms of business cycles to methods to identify economic structures, that is, invariant relationships underlying the workings of an economy. Mathematical molding could fulfill its role in modeling business...
Persistent link: https://www.econbiz.de/10014172777
outcomes, and the way econometrics is playing a part in this process. The analysis may have a wider relevance for the use of …
Persistent link: https://www.econbiz.de/10014180601
This overview examines conditions for reliable economic policy analysis based on econometric models, focusing on the econometric concepts of exogeneity, cointegration, causality, and invariance. Weak, strong, and super exogeneity are discussed in general; and these concepts are then applied to...
Persistent link: https://www.econbiz.de/10014219439
Our subject is the notion of automated discovery in econometrics. Advances in computer power, electronic communication …, and data collection processes have all changed the way econometrics is conducted. These advances have helped to elevate … aspects and implications of these exciting, emergent trends in econometrics …
Persistent link: https://www.econbiz.de/10014070506
Policy makers view public sector-sponsored employment and training programs and other active labor market policies as tools for integrating the unemployed and economically disadvantaged into the work force. Few public sector programs have received such intensive scrutiny, and been subjected to...
Persistent link: https://www.econbiz.de/10014024723
causality that build on Cowles Commission econometrics. These models anticipate and extend the literature on causal inference in …
Persistent link: https://www.econbiz.de/10014024945
This chapter explains the logic of structural econometric models and compares them to other types of econometric models. We provide a framework researchers can use to develop and evaluate structural econometric models. This framework pays particular attention to describing different sources of...
Persistent link: https://www.econbiz.de/10014029595
In this paper we consider a new analytic center cutting plane method in a projective space. We prove the efficiency estimates for the general schemeand show that these results can be used in the analysis of a feasibility problem, the variational inequality problem and the problem of constrained...
Persistent link: https://www.econbiz.de/10005669308