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This paper proposes a method for assessing the information content and validity of a mathematical structural model for which only the directions of influence among its endogenous and exogenous variables are known, as expressed by the sign patterns of associated arrays. The traditional literature...
Persistent link: https://www.econbiz.de/10008555897
As currently practiced, the analysis of an economic model's qualitative properties is very restricted and rarely productive. This paper provides an approach for conducting an expanded qualitative analysis that can be applied to any economic model. The method proposed will enable the qualitative...
Persistent link: https://www.econbiz.de/10008584358