IDEAS home Printed from https://ideas.repec.org/a/bla/ecorec/v64y1988i185p81-101.html
   My bibliography  Save this article

Diagnostic Testing in Applied Econometrics

Author

Listed:
  • Beggs, John J

Abstract

Economic policy formation and the development of economic theory both rely ultimately upon empirical analysis for their direction and sustenance. Recent contributions from economic theory suggest that the quality of the advice obtained from applied econometric research can be considerably improved by more systematic testing of empirical models. These new tests help identify both strengths and weakness of the models. Though fundamental economic theory and good knowledge of data are the primary ingredients of applied economic research, these new diagnostic tests are an important adjunct to existing methodology. This survey introduces the nonspecialist econometrician to diagnostic model testing, and throughout emphasizes the heuristic, rather than the mathematical, underpinnings of the testing strategy. Copyright 1988 by The Economic Society of Australia.

Suggested Citation

  • Beggs, John J, 1988. "Diagnostic Testing in Applied Econometrics," The Economic Record, The Economic Society of Australia, vol. 64(185), pages 81-101, June.
  • Handle: RePEc:bla:ecorec:v:64:y:1988:i:185:p:81-101
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Akinleye, S.O. & Rahji, M.A.Y., 2007. "Nutrient elasticities among Nigerian households differentiated by income," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 46(2), June.
    2. Loungani, Prakash & Razin, Assaf & Yuen, Chi-Wa, 2001. "Capital mobility and the output-inflation tradeoff," Journal of Development Economics, Elsevier, vol. 64(1), pages 255-274, February.
    3. Paul Cashin, 1991. "A Model Of The Disaggregated Demand For Meat In Australia," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 35(3), pages 263-283, December.
    4. Oczkowski, Edward, 1993. "Price and quantity controlled agricultural markets and disequilibrium econometrics: a survey," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 9(1), July.
    5. Brander, James A & Dowrick, Steve, 1994. "The Role of Fertility and Population in Economic Growth: Empirical Results from Aggregate Cross-National Data," Journal of Population Economics, Springer;European Society for Population Economics, vol. 7(1), pages 1-25.
    6. Martin, Will J. & Warr, Peter G., 1994. "Determinants of agriculture's relative decline: Thailand," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 11(2-3), December.
    7. McAleer, Michael, 1995. "The significance of testing empirical non-nested models," Journal of Econometrics, Elsevier, vol. 67(1), pages 149-171, May.
    8. Sun, Ling & Fulginiti, Lilyan E. & Peterson, E. Wesley F., 1999. "Technology, Factor Endowment, Prices And The Relative Decline Of Agriculture In Taiwan," 1999 Annual meeting, August 8-11, Nashville, TN 21700, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    9. Hutasuhut, Maradoli & Chang, Hui-Shung & Griffith, Garry & O’Donnell, Chris & Doran, Howard, 2002. "The Demand for Beef in Indonesia: Implications for Australian Agribusiness," Australasian Agribusiness Review, University of Melbourne, Melbourne School of Land and Environment, vol. 10.
    10. Brunello, Giorgio & Colussi, Aldo, 1998. "The employer size-wage effect: evidence from Italy," Labour Economics, Elsevier, vol. 5(2), pages 217-230, June.
    11. Hogan, Lindsay & Thorpe, Sally & Swan, Anthony & Middleton, Simon, 1999. "Pricing of Australia's coking coal exports: A regional hedonic analysis," Resources Policy, Elsevier, vol. 25(1), pages 27-38, March.
    12. P. J. Gunawardana & E. A. Oczkowski, 1992. "Government Policies And Agricultural Supply Response: Paddy In Sri Lanka," Journal of Agricultural Economics, Wiley Blackwell, vol. 43(2), pages 231-242.
    13. Doran, Howard E. & O'Donnell, Christopher J. & Griffith, Garry R. & Chang, Hui-Shung (Christie) & Hutasuhut, Maradoli, 2001. "The Demand for Beef in Indonesia: Implications for Australian Agribusiness," Working Papers 12915, University of New England, School of Economics.
    14. Crihfield, John B. & Giertz, J. Fred & Mehta, Shekhar, 1995. "Economic growth in the American states: The end of convergence?," The Quarterly Review of Economics and Finance, Elsevier, vol. 35(35), pages 551-577.
    15. Hutasuhut, Maradoli & O'Donnell, Christopher J. & Chang, Hui-Shung (Christie) & Griffith, Garry R. & Doran, Howard E., 2000. "The Demand for Meats in Indonesia: A Censored Regression Approach," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123666, Australian Agricultural and Resource Economics Society.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ecorec:v:64:y:1988:i:185:p:81-101. 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: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum). General contact details of provider: http://edirc.repec.org/data/esausea.html .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.