Exploring different visions of the model–empirics nexus: Solow versus Lipsey

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.
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References found in this work BETA
Robert M. Solow (2001). A Native Informant Speaks. Journal of Economic Methodology 8 (1):111-112.
Citations of this work BETA
Julie A. Nelson (2009). Ethics, Evidence and International Debt. Journal of Economic Methodology 16 (2):175-189.
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Robert M. Solow (2001). A Native Informant Speaks. Journal of Economic Methodology 8 (1):111-112.
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