Simplicity in econometric modelling: some methodological considerations

It is shown how simplicity in econometric modelling can be defended from three different methodological positions, a 'traditional scientific', a rhetorical and a hermeneutical one. Moreover, it is argued that the claim of methodological superiority by supporters of general-to-specific modelling is largely rhetorics. In practice there does not exist a viable alternative to simple modelling in empirical economics.

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Year of publication:	1998
Authors:	Hayo, Bernd
Published in:	Journal of Economic Methodology. - Taylor & Francis Journals, ISSN 1350-178X. - Vol. 5.1998, 2, p. 247-261
Publisher:	Taylor & Francis Journals
Subject:	Economic methodology \| simplicity \| econometric modelling

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009215375