PUTTING THE "ECON" INTO ECONOMETRICS

Should econometricians always incorporate economic theory in their models or only when unrestricted estimators are found to violate an inviolable theory? Using Monte Carlo experiments, we find that econometricians should use economic theory to the fullest extent possible. To paraphrase Leamer's classic article, we should put the "econ" into econometrics.

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Year of publication:	1998
Authors:	Dorfman, Jeffrey H. ; McIntosh, Christopher S.
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Research Methods/ Statistical Methods

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Extent:	application/pdf
Series:	1998 Annual meeting, August 2-5, Salt Lake City, UT.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 1998 Annual meeting, August 2-5, Salt Lake City, UT Number 20874
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005338762