Algunos desarrollos recientes en la metodología de la econometría aplicada

John James Thomas

Lecturas de Economía, 1986, issue 19, 209-240

Abstract: For a variety of reasons economists tend to construct their econometric models in ad-hoc ways. They start with a simple specification of a series of equations and add or subtract variables on the basis of exclusively statistical criteria. In recent years it has been realized that such an approach can easily produce spurious results. It is now preferred to commence one's analysis with as general a specification of the model as possible which nests possible alternatives. One then can legitimately compare the original specification with the various nested forms. This paper uses the case of the demand for money in the United Kingdom as an example of the method.

Keywords: Desarrollo; de; la; econometría; aplicada (search for similar items in EconPapers)
Date: 1986
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://revistas.udea.edu.co/index.php/lecturasdeeconomia/issue/view/832 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lde:journl:y:1986:i:19:p:209-240

Ordering information: This journal article can be ordered from
Lecturas de Economía, Departamento de Economía, Calle 67, 53-108, Medellin 050010, Colombia.

Access Statistics for this article

Lecturas de Economía is currently edited by Carlos Andrés Vasco Correa

More articles in Lecturas de Economía from Universidad de Antioquia, Departamento de Economía Contact information at EDIRC.
Bibliographic data for series maintained by Carlos Andrés Vasco Correa ().