IDEAS home Printed from https://ideas.repec.org/a/taf/revpoe/v28y2016i3p448-463.html
   My bibliography  Save this article

Modeling and Measuring Economic Reality: Reply to the Reviews

Author

Listed:
  • Edward J. Nell
  • Karim Errouaki

Abstract

To begin with, we'd like to express our appreciation to our three commentators for their thoughtful and helpful reviews. Like the founders of the subject, we believe, and our reviewers seem to agree, that structural econometrics has the potential to enable us to develop serious working models of how different economies actually operate, and also to tell us something about the changing patterns of their growth and transformation. But both we and our reviewers agree that there is a great deal wrong with the way econometrics is practiced today.

Suggested Citation

  • Edward J. Nell & Karim Errouaki, 2016. "Modeling and Measuring Economic Reality: Reply to the Reviews," Review of Political Economy, Taylor & Francis Journals, vol. 28(3), pages 448-463, July.
    • Handle: RePEc:taf:revpoe:v:28:y:2016:i:3:p:448-463
    DOI: 10.1080/09538259.2016.1154758
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09538259.2016.1154758
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09538259.2016.1154758?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Nell,Edward J., 1998. "The General Theory of Transformational Growth," Cambridge Books, Cambridge University Press, number 9780521590068.
    2. Leontief, Wassily, 1971. "Theoretical Assumptions and Nonobserved Facts," American Economic Review, American Economic Association, vol. 61(1), pages 1-7, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Petrick, Martin, 2004. "Can Econometric Analysis Make (Agricultural) Economics A Hard Science? Critical Remarks And Implications For Economic Methodology," IAMO Discussion Papers 14911, Institute of Agricultural Development in Transition Economies (IAMO).
    2. Sergio Parrinello, 2014. "A search for distinctive features of demand-led growth models," PSL Quarterly Review, Economia civile, vol. 67(270), pages 309-342.
    3. Jochen Hartwig, 2006. "Explaining the aggregate price level with Keynes's principle of effective demand," Review of Social Economy, Taylor & Francis Journals, vol. 64(4), pages 469-492.
    4. Mark Knell & Simone Vannuccini, 2022. "Tools and concepts for understanding disruptive technological change after Schumpeter," Jena Economics Research Papers 2022-005, Friedrich-Schiller-University Jena.
    5. Miguel A. Duran, 2007. "Mathematical Needs and Economic Interpretations," Contributions to Political Economy, Cambridge Political Economy Society, vol. 26(1), pages 1-16.
    6. Richard E. Just & Gordon C. Rausser, 1989. "An Assessment of the Agricultural Economics Profession," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(5), pages 1177-1190.
    7. Riccardo De Bonis & Matteo Piazza, 2021. "A silent revolution. How central bank statistics have changed in the last 25 years," PSL Quarterly Review, Economia civile, vol. 74(299), pages 347-371.
    8. David Slattery & Joseph G. Nellis, 2011. "Rethinking the Role of Regulation in the Aftermath of the Global Financial Crisis: The Case of the UK," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(3), pages 407-423, September.
    9. Ho Fai Chan & Bruno S. Frey & Jana Gallus & Markus Schaffner & Benno Torgler & Stephen Whyte, 2016. "External Influence as an Indicator of Scholarly Importance," CESifo Economic Studies, CESifo Group, vol. 62(1), pages 170-195.
    10. Mjelde, James W. & Dixon, Bruce L. & Sonka, Steven T., 1989. "Estimating The Value Of Sequential Updating Solutions For Intrayear Crop Management," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 14(1), pages 1-8, July.
    11. Bruno Frey, 2005. "Problems with Publishing: Existing State and Solutions," European Journal of Law and Economics, Springer, vol. 19(2), pages 173-190, April.
    12. Haeri, Ali & Arabmazar, Abbas, 2018. "Designing an Industrial Policy for Developing Countries: a New Approach," MPRA Paper 89048, University Library of Munich, Germany.
    13. repec:lan:wpaper:470 is not listed on IDEAS
    14. Roger Backhouse & Beatrice Cherrier, 2014. "Becoming Applied: The Transformation of Economics after 1970," Discussion Papers 14-11, Department of Economics, University of Birmingham.
    15. Thomas Mayer, 2006. "The Empirical Significance of Econometric Models," Working Papers 620, University of California, Davis, Department of Economics.
    16. Jacques Fontanel, 1979. "Les réflexions économiques suscitées par l'écologie," Post-Print hal-03499590, HAL.
    17. Sterman, John., 1986. "Testing behavioral simulation models by direct experiment," Working papers 1752-86., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    18. Geoffrey Harcourt & Peter Kriesler, 2012. "Introduction [to Handbook of Post-Keynesian Economics: Oxford University Press: USA]," Discussion Papers 2012-33, School of Economics, The University of New South Wales.
    19. Philip R. P. Coelho & James E. McClure, 2008. "The Market for Lemmas: Evidence That Complex Models Rarely Operate in Our World," Econ Journal Watch, Econ Journal Watch, vol. 5(1), pages 78-90, January.
    20. Siebert, Horst, 1974. "Infrastruktur und Wachstum," Open Access Publications from Kiel Institute for the World Economy 4276, Kiel Institute for the World Economy (IfW Kiel).
    21. Henry, Mark, 2000. "A View from Agricultural and Applied Economics," The Review of Regional Studies, Southern Regional Science Association, vol. 30(1), pages 49-55, Summer.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:revpoe:v:28:y:2016:i:3:p:448-463. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CRPE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.