Le propos de cet article est une evaluation critique des methodes de rapprochement entre les faits et la theorie economique. Il s'agit, plus precisement, de questionner les methodes econometriques actuellement en vigueur relativement a l'epistemologie scientifique. Nous avons considere dans ce...

We propose a test for spatial correlation in Probit models that is a joint test for exclusion of spatially lagged-dependent variables and absence of spatial-error correlation. We give a maximum-likelihood justification for the test but use a simulations approach rather than relying on its...

Bootstrap tests are tests for which the significance level is calculated by some sort of bootstrap procedure, which may be parametric or nonparametric. We provide a theoretical framework in which to study the size distorsions of bootstrap P values. We show that, in many circumstances, the size...

We consider data on jewellery sold in English public auctions between June 1993 and May 1994 at Credit Municipal de Paris. We present the underlying model of this market derived from a "hedonic price equation".

Most confidence intervals, whether based on asymptotic theory or the bootstrap, are implicitly based on inverting a Wald test. Since Wald test statistics are not invariant under nonlinear reparametrizations of the restrictions they test, confidence intervals based on them are not invariant...

This paper employs response surface regressions based on simulation experiments to calculate asymptotic distribution functions of the tests for cointegration proposed by Johansen. The paper provides accurate tables of asymptotic critical values. A program which can be used to calculate both...

Ce document est en deux parties. Les principaux modeles de l'econometrie des donnees de panel sont exposes. La premiere partie est consacre a l'estimation des modeles lineaires et a variable dependante qualitative sur un panel cylindre. La seconde partie est consacree aux methodes d'estimations...

We show that, in many circumstances, the size distortion of a bootstrap P value for a test will be one whole order of magnitude smaller than that of the corresponding asymptotic P value. We also show that, at least in the parametric case, the magnitude of the distorsion will depend on the shape...