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Statistische Adäquation bei Fortentwicklung der makrökonomischen Wirtschaftstheorie / Statistical Adequacy and the Evolution of Macroeconomic Theory

  • Wagner Adolf


    (Direktor des Instituts für Empirische Wirtschaftsforschung der Universität Leipzig (IEW), Marschnerstr. 31, D-04109 Leipzig, Germany)

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    Adequacy (formerly: correspondence) generally concerns the correspondence of statement and facts. In economics we specially look for the statistical adequacy of variables and data (by means of a minimization of the so-called adequation discrepancy). Hereby we aim at empirical validity of hypotheses. This is extremely difficult in the case of a stationary statistical system on the one hand (see the System of National Accounts) and an evolving system of macroeconomic definitions on the other hand. The definitions of macro-economic variables with some importance within the growth and business cycle models are sometimes contradictory and insofar without any value for orientation.

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    Article provided by De Gruyter in its journal Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik).

    Volume (Year): 224 (2004)
    Issue (Month): 5 (October)
    Pages: 612-625

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    Handle: RePEc:jns:jbstat:v:224:y:2004:i:5:p:612-625
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    1. Robert E. Lucas Jr., 2003. "Macroeconomic Priorities," American Economic Review, American Economic Association, vol. 93(1), pages 1-14, March.
    2. Schlicht, Ekkehart, 1990. "Local Aggregation in a Dynamic Setting," Munich Reprints in Economics 2118, University of Munich, Department of Economics.
    3. Hoover,Kevin D., 2001. "The Methodology of Empirical Macroeconomics," Cambridge Books, Cambridge University Press, number 9780521802727, September.
    4. Bernhard Herz & Werner Roger, 1995. "Economic growth and convergence in Germany," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 131(1), pages 132-143, March.
    5. Deane,Phyllis, 1978. "The Evolution of Economic Ideas," Cambridge Books, Cambridge University Press, number 9780521293150, September.
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