Advanced Search
MyIDEAS: Login

Small is Beautiful?-Entwicklungslinien im Makroökonometrischen Modellbau

Contents:

Author Info

  • Ullrich Heilemann

    ()
    (RWI Essen)

Registered author(s):

    Abstract

    This paper examines macroeconometric-modelling tendencies in the big OECD countries from its beginnings in the 1930s to the 1990s. While the models grew in size, the number of definitions and exogenous variables increased much more than stochastic equations. These trends are the result of demand as well as of supply factors, with technology and information requests playing central roles. Particular attention is given to the question of model size. It is exposed that size should not be central criterion in judging models-size is the result and not the goal of modelling. The often-found association of "small and beautiful" and "big and ugly" is neither an adequate description of alternatives, nor are the associations valid. However, big models often appear as more complex and though this is basically a rather subjective judgment, model builders should devote more resources to make their models (and their practices) more transparent. The trend toward larger models may slow down but will not stop.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.wiso-net.de/webcgi?START=A60&DOKV_DB=ZECU&DOKV_NO=JFNS200206035&DOKV_HS=0&PP=1
    File Function: Main text
    Download Restriction: Access via GENIOS - German Business Information - http://www.genios.de/r_startseite/index.ein

    File URL: http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0637519&site=ehost-live
    File Function: Main text
    Download Restriction: Access via EBSCOhost Econlit - http://www.ebscohost.com/

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by Justus-Liebig University Giessen, Department of Statistics and Economics in its journal Journal of Economics and Statistics.

    Volume (Year): 222 (2002)
    Issue (Month): 6 ()
    Pages: 656-682

    as in new window
    Handle: RePEc:jns:jbstat:v:222:y:2002:i:6:p:656-682

    Contact details of provider:
    Postal: Licher Straße 74, 35394 Gießen
    Phone: +49 (0)641 99 22 001
    Fax: +49 (0)641 99 22 009
    Web page: http://wiwi.uni-giessen.de/home/oekonometrie/Jahrbuecher/
    More information through EDIRC

    Related research

    Keywords: Makroökonometrische Modelle; Umfang/Struktur; Komplexität; keynesianische/monetaristische Modelle;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:jns:jbstat:v:222:y:2002:i:6:p:656-682. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Winker).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.