Article ID Journal Published Year Pages File Type
5055413 Economic Modelling 2011 12 Pages PDF
Abstract
► Restrictions imposed on the reduced form estimates permit estimation of βY = γZ + δU. ► The derived structural estimates are often presented as evidence of model efficacy. ► The reduced form estimates are limited by information inherited from the structure. ► The allowable reduced form outcomes can be used to falsify the structure. ► A method for measuring a structural model's information content is proposed.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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