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Modeling On The Basis Of Models

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  • Hans Werner Holub
  • Gottfried Tappeiner

Abstract

A large part of official economic data sets is produced with the help of assumed functional relations between variables. Constructing economic models on the basis of such model‐generated data results in a “modeling on the basis of the results of modeling.” This common procedure can lead to consequences that seriously endanger the quality of empirical analyses. After discussing some of these dangerous consequences the authors explore the reasons behind this development. To avoid some of the most severe difficulties a “Charter for Compilation and Correct Handling of Economic Data” is proposed.

Suggested Citation

  • Hans Werner Holub & Gottfried Tappeiner, 1997. "Modeling On The Basis Of Models," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 43(4), pages 505-510, December.
    • Handle: RePEc:bla:revinw:v:43:y:1997:i:4:p:505-510
    DOI: 10.1111/j.1475-4991.1997.tb00238.x
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    Cited by:

    1. Holub, Hans Werner & Tappeiner, Gottfried & Tappeiner, Ulrike, 1999. "Some remarks on the 'System of Integrated Environmental and Economic Accounting' of the United Nations," Ecological Economics, Elsevier, vol. 29(3), pages 329-336, June.
    2. G. Tappeiner & H. W. Holub & U. Tappeiner & J. Aschenwald, 2002. "The Classification of Rural Areas in the European Context: Some Remarks on the Article of J. R. Blunden, W. T. R. Pryce and P. Dreyer, Regional Studies 32(2)," Regional Studies, Taylor & Francis Journals, vol. 36(2), pages 157-160.
    3. Bos, Frits, 2009. "The National Accounts as a Tool for Analysis and Policy; History, Economic Theory and Data Compilation Issues," MPRA Paper 23582, University Library of Munich, Germany.

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