What are stylized facts?

Leticia Arroyo Abad and Kareem Khalifa

Journal of Economic Methodology, 2015, vol. 22, issue 2, 143-156

Abstract: Economists use the term 'stylized fact' in many contexts, though the meaning of this phrase and the motivation for using such a concept is unclear. In this paper, we provide a philosophical analysis of stylized facts, which aims to be methodologically interesting and useful. While our framework applies to all principled uses of stylized facts, we illustrate its core features by applying it to Nicholas Kaldor's initial and exemplary use of stylized facts in growth economics.

Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://hdl.handle.net/10.1080/1350178X.2015.1024878 (text/html)
Access to full text is restricted to subscribers.

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:taf:jecmet:v:22:y:2015:i:2:p:143-156

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RJEC20

DOI: 10.1080/1350178X.2015.1024878

Access Statistics for this article

Journal of Economic Methodology is currently edited by John Davis and D Wade Hands

More articles in Journal of Economic Methodology from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().