Graduate studies at Western
Journal of Economic Methodology 16 (2):159-174 (2009)
|Abstract||Does empirical work in economics both provoke and test theoretical models, or does model development proceed according to a theory-oriented research program, with little interaction with empirics? Robert Solow and Richard Lipsey have articulated different visions of this relationship. This paper: (i) describes these competing Solow versus Lipsey views; (ii) presents examples illustrating each view; and (iii) draws inferences about factors promoting a close relation between empirics and modeling. Three examples are examined in detail: the ?nursing shortage? literature; Lind's analysis of recent rent control models; and a wide-ranging evaluation of ?is there too little theory in development economics?? by leading development economists. Various factors promoting or inhibiting a close connection between modeling and empirics are identified.|
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
|Through your library||Configure|
Similar books and articles
Adam Fforde (2005). Persuasion: Reflections on Economics, Data, and the 'Homogeneity Assumption'. Journal of Economic Methodology 12 (1):63-91.
Nevin Cavusoglu & Edinaldo Tebaldi (2006). Evaluating Growth Theories and Their Empirical Support: An Assessment of the Convergence Hypothesis. Journal of Economic Methodology 13 (1):49-75.
Veerle Draulans (2010). On the Fragile Relationship Between Empirics and Ethics. Ethical Perspectives 17 (2):145-182.
Mostafa Bachar (forthcoming). Modeling the Cardiovascular-Respiratory Control System: Data, Model Analysis, and Parameter Estimation. Acta Biotheoretica.
Collin Rice & Joshua Smart (2011). Interdisciplinary Modeling: A Case Study of Evolutionary Economics. Biology and Philosophy 26 (5):655-675.
Simplice A. Asongu (forthcoming). Harmonizing IPRs on Software Piracy: Empirics of Trajectories in Africa. Journal of Business Ethics.
Robert Sugden (2000). Credible Worlds: The Status of Theoretical Models in Economics. Journal of Economic Methodology 7 (1):1-31.
Cyril Hédoin (2012). Models in Economics Are Not (Always) Nomological Machines: A Pragmatic Approach to Economists' Modeling Practices. Philosophy of the Social Sciences:0048393112458715.
Robert M. Solow (2001). A Native Informant Speaks. Journal of Economic Methodology 8 (1):111-112.
Richard G. Lipsey (2001). Successes and Failures in the Transformation of Economics. Journal of Economic Methodology 8 (2):169-201.
R. G. Lipsey & Kelvin Lancaster (1956). The General Theory of Second Best. Review of Economic Studies 24 (1):11-32.
Frantz Lipsey (1998). Is It Always Right to Do What's Best? Cogito 12 (2):149-154.
Sorry, there are not enough data points to plot this chart.
Added to index2012-02-20
Total downloads1 ( #294,309 of 754,933 )
Recent downloads (6 months)0
How can I increase my downloads?