Logical Gaps: Path B—Theory to Empirical Formulations

Stuart Birks ()
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Stuart Birks: Massey University

Chapter Chapter 3 in Rethinking Economics, 2015, pp 29-46 from Springer

Abstract: Abstract Economics focuses heavily on quantitative research methods, in particular on econometrics. There are conventions that are followed in the selection of data and choice of relationships and functional forms. This is a safe way to conduct research in terms of peer acceptance. Unconventional approaches require far more justification. This chapter challenges the conventions in the choice of data by discussing aspects of aggregation, proxy variables, and indices. For functional forms, attention is given to the use of control variables, the nature of causality, including INUS conditions, and the assumption of structural stability.

Keywords: Econometrics; Aggregation; Proxy variable; Control variable; Causality (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-981-287-176-3_3

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DOI: 10.1007/978-981-287-176-3_3

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