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

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  • Wagner Adolf

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

Abstract

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.

Suggested Citation

  • Wagner Adolf, 2004. "Statistische Adäquation bei Fortentwicklung der makrökonomischen Wirtschaftstheorie / Statistical Adequacy and the Evolution of Macroeconomic Theory," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 224(5), pages 612-625, October.
  • Handle: RePEc:jns:jbstat:v:224:y:2004:i:5:p:612-625
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    References listed on IDEAS

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    1. Deane,Phyllis, 1978. "The Evolution of Economic Ideas," Cambridge Books, Cambridge University Press, number 9780521293150, December.
    2. Ekkehart Schlicht, 1990. "Local aggregation in a dynamic setting," Journal of Economics, Springer, pages 287-305.
    3. Hoover,Kevin D., 2001. "The Methodology of Empirical Macroeconomics," Cambridge Books, Cambridge University Press, number 9780521802727, November.
    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), pages 132-143.
    5. Robert E. Lucas Jr., 2003. "Macroeconomic Priorities," American Economic Review, American Economic Association, pages 1-14.
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    Keywords

    Adequacy; macroeconomic theory;

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