Statistische Adäquation bei Fortentwicklung der makrökonomischen Wirtschaftstheorie / Statistical Adequacy and the Evolution of Macroeconomic Theory
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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Volume (Year): 224 (2004)
Issue (Month): 5 (October)
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References listed on IDEAS
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- Schlicht, Ekkehart, 1990.
"Local Aggregation in a Dynamic Setting,"
Munich Reprints in Economics
2118, University of Munich, Department of Economics.
- Deane,Phyllis, 1978. "The Evolution of Economic Ideas," Cambridge Books, Cambridge University Press, number 9780521293150, December.
- Hoover,Kevin D., 2001.
"The Methodology of Empirical Macroeconomics,"
Cambridge University Press, number 9780521003216, December.
- Robert E. Lucas Jr., 2003. "Macroeconomic Priorities," American Economic Review, American Economic Association, vol. 93(1), pages 1-14, March.
- 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.
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