| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5055413 | Economic Modelling | 2011 | 12 Pages |
Abstract
⺠Restrictions imposed on the reduced form estimates permit estimation of βY = γZ + δU. ⺠The derived structural estimates are often presented as evidence of model efficacy. ⺠The reduced form estimates are limited by information inherited from the structure. ⺠The allowable reduced form outcomes can be used to falsify the structure. ⺠A method for measuring a structural model's information content is proposed.
Keywords
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Authors
George M. Lady, Andrew J. Buck,