A Method for Merging the Results of Normative and Positive Models

Reuben N. Weisz

No 329653, Economics Statistics and Cooperative Services (ESCS) Reports from United States Department of Agriculture, Economic Research Service

Abstract: Excerpt from the Introduction: For many years economists have been discussing the differences between normative and positive models and debating the advantages and disadvantages of these two alternative approaches. This research note does not either review the literature or settle, once and for all, the question of which methodology is the "best". It merely proposes and illustrates a simple rule of thumb that appears to give reasonable answers for agricultural economists who earn a living by doing impact analyses with policy models. This rule of thumb is designed for use in a "with and without" analysis study.

Keywords: Research; Methods/Statistical; Methods (search for similar items in EconPapers)
Pages: 18
Date: 1978-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerscs:329653

DOI: 10.22004/ag.econ.329653

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