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Complete and Incomplete Econometric Models

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Complete and Incomplete Econometric Models - Geweke, John
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Econometric models are widely used in the creation and evaluation of economic policy in the public and private sectors. But these models are useful only if they adequately account for the phenomena in question, and they can be quite misleading if they do not. In response, econometricians have developed tests and other checks for model adequacy. All of these methods, however, take as given the specification of the model to be tested. In this book, John Geweke addresses the critical earlier stage of model development, the ...

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Complete and Incomplete Econometric Models 2010, Princeton University Press, Princeton

ISBN-13: 9780691140025

Hardcover