EconStor >
Institut f├╝r Weltwirtschaft (IfW), Kiel >
Economics: The Open-Access, Open-Assessment E-Journal - Journal Articles >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/27530
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorSpanos, Arisen_US
dc.date.accessioned2009-08-12T07:17:13Z-
dc.date.available2009-08-12T07:17:13Z-
dc.date.issued2009en_US
dc.identifier.citationEconomics: The Open-Access, Open-Assessment E-Journal 3 2009-10 1-14 doi:10.5018/economics-ejournal.ja.2009-10-
dc.identifier.pidoi:10.5018/economics-ejournal.ja.2009-10-
dc.identifier.urihttp://hdl.handle.net/10419/27530-
dc.description.abstractThe primary aim of the paper is to place current methodological discussions in macroeconometric modeling contrasting the 'theory first' versus the 'data first' perspectives in the context of a broader methodological framework with a view to constructively appraise them. In particular, the paper focuses on Colander's argument in his paper 'Economists, Incentives, Judgement, and the European CVAR Approach to Macroeconometrics' contrasting two different perspectives in Europe and the US that are currently dominating empirical macroeconometric modeling and delves deeper into their methodological/philosophical underpinnings. It is argued that the key to establishing a constructive dialogue between them is provided by a better understanding of the role of data in modern statistical inference, and how that relates to the centuries old issue of the realisticness of economic theories.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofserieseconomics - The Open-Access, Open-Assessment E-Journal 2009-10en_US
dc.subject.jelB4-
dc.subject.jelC1-
dc.subject.jelC3-
dc.subject.ddc330en_US
dc.subject.keywordEconometric methodologyen_US
dc.subject.keyword'general-to-specific'en_US
dc.subject.keywordpre-eminence of theoryen_US
dc.subject.keywordcointegrated VARen_US
dc.subject.keywordstatistical adequacyen_US
dc.subject.keywordrealisticness of a theoryen_US
dc.subject.stw├ľkonometrisches Makromodellen_US
dc.subject.stwWissenschaftliche Methodeen_US
dc.subject.stwVAR-Modellen_US
dc.subject.stwTheorieen_US
dc.titleThe Pre-Eminence of Theory versus the European CVAR Perspective in Macroeconometric Modelingen_US
dc.typeArticleen_US
dc.identifier.ppn599038322en_US
dc.identifier.urlhttp://www.economics-ejournal.org/economics/journalarticles/2009-10-
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.en-
dc.identifier.repecRePEc:zbw:ifweej:7596-
Appears in Collections:Economics: The Open-Access, Open-Assessment E-Journal - Journal Articles

Files in This Item:
File Description SizeFormat
economics_2009-10.pdf402.43 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.