The Role of Hypothesis Testing in the Molding of Econometric Models

The paper is a keynote lecture from the Tilburg-Madrid Conference on Hypothesis Tests: Foundations and Applications at the Universidad Nacional de Educación a Distancia (UNED) Madrid, Spain, 15-16 December 2011. It addresses the role of tests of statistical hypotheses (specification tests) in selection of a statistically admissible model in which to evaluate economic hypotheses. The issue is formulated in the context of recent philosophical accounts on the nature of models and related to some results in the literature on specification search.

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Year of publication:	2012
Authors:	Hoover, Kevin D.
Publisher:	Durham, NC : Duke University, Center for the History of Political Economy (CHOPE)
Subject:	statistical testing \| hypothesis tests \| models \| general-to-specific specification search \| optional stopping \| severe tests \| costs of search \| costs of inference \| extreme-bounds analysis \| LSE econometric methodology

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Series:	CHOPE Working Paper ; 2012-03
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	896377105 [GVK] hdl:10419/149685 [Handle] RePEc:hec:heccee:2012-3 [RePEc]
Classification:	B41 - Economic Methodology ; c18 ; C12 - Hypothesis Testing ; C50 - Econometric Modeling. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10011592192