Template-Type: ReDIF-Paper 1.0
Author-Name: Thomas Mayer
Author-Name-First: Thomas
Author-Name-Last: Mayer
Author-Workplace-Name: Department of Economics, University of California Davis
Title: The Empirical Significance of Econometric Models
Abstract: This essay discusses some, but by no means all the important problems that arise in econometric testing of econometric models. Specifically, it disusses the reliabilty of the underlying data and their processing, the problem of relating theories and data, ceteris paribus conditions and testability, data mining and the misuse of significance test.
Length: 29
File-URL: https://repec.dss.ucdavis.edu/files/1tuomS91C9mqD77vcH2K3C2J/06-20.pdf
File-Format: application/pdf
Number: 122
Classification-JEL: C1
KeyWords: econometric, models, theories
Creation-Date: 20060515
Handle: RePEc:cda:wpaper:122