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Statistische Adäquation bei Fortentwicklung der makrökonomischen Wirtschaftstheorie / Statistical Adequacy and the Evolution of Macroeconomic Theory

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  • Wagner Adolf

    (Direktor des Instituts für Empirische Wirtschaftsforschung der Universität Leipzig (IEW), Marschnerstr. 31, D-04109 Leipzig, Germany)

Abstract

Adequacy (formerly: correspondence) generally concerns the correspondence of statement and facts. In economics we specially look for the statistical adequacy of variables and data (by means of a minimization of the so-called adequation discrepancy). Hereby we aim at empirical validity of hypotheses. This is extremely difficult in the case of a stationary statistical system on the one hand (see the System of National Accounts) and an evolving system of macroeconomic definitions on the other hand. The definitions of macro-economic variables with some importance within the growth and business cycle models are sometimes contradictory and insofar without any value for orientation.

Suggested Citation

  • Wagner Adolf, 2004. "Statistische Adäquation bei Fortentwicklung der makrökonomischen Wirtschaftstheorie / Statistical Adequacy and the Evolution of Macroeconomic Theory," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 224(5), pages 612-625, October.
    • Handle: RePEc:jns:jbstat:v:224:y:2004:i:5:p:612-625
    DOI: 10.1515/jbnst-2004-0505
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    References listed on IDEAS

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