SELECTED READINGS ON ECONOMETRICS METHODOLOGY, 2001-2010: CAUSALITY, MEASURE OF VARIABLES, DYNAMIC MODELS AND ECONOMIC APPROACHES TO GROWTH AND DEVELOPMENT

Maria-Carmen Guisan

Applied Econometrics and International Development, 2015, vol. 15, issue 2, 213-220

Abstract: In this survey we analyze some main problems often found on international studies of econometric applications, particularly those related with the measurement of variables, dynamic specification of models, analysis of causality and co-integration, the role of demand and supply approaches in macro-econometric studies and the role of education and other main factors on economic development. Here we present a synthesis of several articles, written for the period 2001-2010, which throw light on those problems and provide solutions to some difficulties often found by researchers. The questions included are related with: 1) the right conclusions from the analysis of causality and cointegration, 2) measurement of variables, avoiding to mix rates, ratios and per capita variables in comparisons, when the hypotheses that would allow the mix of rates and ratios do not hold, 3) the importance of the right selection of the functional form in dynamic models, and 4) utility of international pools and cross-section samples in order to diminish multicollinearity and reach interesting conclusions about economic approaches to economic growth and socio-economic development.

Keywords: Causality tests in empirical studies; econometric methodology; macro-econometric models; selection of functional form in dynamic models; supply and demand approaches to growth; inter-sectoral relationships; education and economic development. (search for similar items in EconPapers)
JEL-codes: C5 C52 C82 E2 F1 F4 I2 O1 O5 O57 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (18)

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