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    Evaluation of macroeconometric models

    Pesaran, M.H. and Smith, Ron P. (1985) Evaluation of macroeconometric models. Economic Modelling 2 (2), pp. 125-134. ISSN 0264-9993.

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    The disparity between the practice of applied econometricians and the econometric methodology they claim to profess has been widely noted. This paper attempts to examine and systematize the practice in a way that recognizes the variety of practical, theoretical and statistical considerations that applied econometric work must take account of. The discussion is organized under three criteria: relevance, consistency and adequacy; and the relationship between these criteria and the current critiques of applied econometrics is examined.


    Item Type: Article
    Depositing User: Sarah Hall
    Date Deposited: 10 Nov 2020 18:58
    Last Modified: 01 Dec 2021 16:32


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