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Estimating a Falsified Model: Some Impossibility Theorems

Author

Listed:
  • George Lady
  • Andres J. Buck

Abstract

This paper shows that a qualitative analysis of a model's structural arrays can falsify the model's zero restriction. When done, the estimated structure is impossible.The modeling approaches used are comparative statics, Monte Carlo sampling, and qualitative tachnigues.The paper gives applied, and generic, examples of models with falsified zero restrictions.

Suggested Citation

  • George Lady & Andres J. Buck, 2015. "Estimating a Falsified Model: Some Impossibility Theorems," EcoMod2015 8326, EcoMod.
    • Handle: RePEc:ekd:008007:8326
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