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The Empirical Significance of Econometric Models

Author

Listed:
  • Thomas Mayer

    (Department of Economics, University of California Davis)

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.

Suggested Citation

  • Thomas Mayer, 2006. "The Empirical Significance of Econometric Models," Working Papers 122, University of California, Davis, Department of Economics.
    • Handle: RePEc:cda:wpaper:122
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    File URL: https://repec.dss.ucdavis.edu/files/1tuomS91C9mqD77vcH2K3C2J/06-20.pdf
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    More about this item

    Keywords

    econometric; models; theories;
    All these keywords.

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General

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