Simplicity in econometric modelling: some methodological considerations
It is shown how simplicity in econometric modelling can be defended from three different methodological positions, a 'traditional scientific', a rhetorical and a hermeneutical one. Moreover, it is argued that the claim of methodological superiority by supporters of general-to-specific modelling is largely rhetorics. In practice there does not exist a viable alternative to simple modelling in empirical economics.
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Volume (Year): 5 (1998)
Issue (Month): 2 ()
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