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Selected Readings On Econometrics Methodology, 2001-2010: Causality, Measure Of Variables, Dynamic Models And Economic Approaches To Growth And Development

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  • GUISAN, Maria-Carmen

Abstract

In this survey we analyze some main problems often found on international studies of econometric applications, particularly those related with the measurement of variables, dynamic specification of models, analysis of causality and co-integration, the role of demand and supply approaches in macro-econometric studies and the role of education and other main factors on economic development. Here we present a synthesis of several articles, written for the period 2001-2010, which throw light on those problems and provide solutions to some difficulties often found by researchers. The questions included are related with: 1) the right conclusions from the analysis of causality and cointegration, 2) measurement of variables, avoiding to mix rates, ratios and per capita variables in comparisons, when the hypotheses that would allow the mix of rates and ratios do not hold, 3) the importance of the right selection of the functional form in dynamic models, and 4) utility of international pools and cross-section samples in order to diminish multicollinearity and reach interesting conclusions about economic approaches to economic growth and socio-economic development.

Suggested Citation

  • GUISAN, Maria-Carmen, 2015. "Selected Readings On Econometrics Methodology, 2001-2010: Causality, Measure Of Variables, Dynamic Models And Economic Approaches To Growth And Development," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 15(2), pages 213-220.
  • Handle: RePEc:eaa:aeinde:v:15:y:2015:i:2_15
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    File URL: http://www.usc.es/~economet/reviews/aeid15215.pdf
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    References listed on IDEAS

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    1. Guisan, M.C. & Exposito, P., 2006. "Production by sector in China, India and OECD Countries, 1985-2005," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 6(2).
    2. Guisan, M.C. & Aguayo, E., 2005. "Employment, Development and Research Expenditure in European Union: analysis of causality and comparison with the United States, 1993-2003," International Journal of Applied Econometrics and Quantitative Studies, Euro-American Association of Economic Development, vol. 2(2), pages 21-30.
    3. Guisan, M.C. & Aguayo, E., 2007. "Health Expenditure, Poverty and Economic Development in Latin America 2000-2005," International Journal of Applied Econometrics and Quantitative Studies, Euro-American Association of Economic Development, vol. 4(2), pages 5-24.
    4. Guisan, M.Carmen & Cancelo, M.Teresa, 2002. "Econometric Models of Foreign Trade in OECD Countries," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 2(2), pages 65-81.
    5. GUISAN, Maria-Carmen, 2009. "Education, Health And Economic Development: A Survey Of Quantitative Economic Studies, 2001-2009," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 9(1), pages 129-148.
    6. Cancelo, M.Teresa & Guisan, M.Carmen & Frias, Isidro, 2001. "Supply and Demand on Manufacturing Output in OECD countries: econometric models and specification test," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 1(2), pages 7-42.
    7. GUISAN, Carmen & Neira, Isabel, 2006. "Direct and Indirect Effects of Human Capital on World Development, 1960-2004," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 6(1), pages 17-34.
    8. Guisan, M.C. & Exposito, P., 2005. "Human Capital and Economic Development in Africa: An Econometric Analysis for 1950-2002," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 5(1), pages 129-142.
    9. Guisan, M.Carmen & Aguayo, Eva & Exposito, Pilar, 2001. "Economic growth and cycles: Cross-country models of education, industry and fertility and international comparisons," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 1(1), pages 9-37.
    10. Guisan, M.C. & Exposito, P., 2007. "Education, Development And Health Expenditure In Africa: Estimation Of Cross-Section Model Of 39 Countries In 2000-2005," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 7(2), pages 135-142.
    11. Guisan, M.C. & Aguayo, E, 2005. "Industry and Economic Development in Latin America," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 5(3), pages 133-142.
    12. Guisan, M.Carmen & Aguayo, Eva & Exposito, Pilar, 2001. "Education and World Development in 1900-1999: A General View and Challenges for the Near Future," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 1(1), pages 101-110.
    13. Guisan, M.C., 2004. "Education, Research and Manufacturing in EU25: An Inter-Sectoral Econometric Model of 151 European Regions, 1995-2000," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 4(2), pages 21-32.
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    Cited by:

    1. A.Yasemin YALTA & Bahar BAYRAKTAR-SAGLAM, 2016. "Interaction Between Capital Flows And Current Account: A Dynamic Panel Causality Analysis Of 19 Emerging Market Economies For The Period 1980 To 2009," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 16(2), pages 25-32.

    More about this item

    Keywords

    Causality tests in empirical studies; econometric methodology; macro-econometric models; selection of functional form in dynamic models; supply and demand approaches to growth; inter-sectoral relationships; education and economic development.;

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • F1 - International Economics - - Trade
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • I2 - Health, Education, and Welfare - - Education
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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