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Quantitative Theory and Econometrics

53 Pages Posted: 15 Nov 2012  

Robert G. King

Boston University - Department of Economics; Federal Reserve Bank of Richmond - Research Department; National Bureau of Economic Research (NBER)

Date Written: 1995

Abstract

A notable development in macroeconomics over the last ten years has been the rise of quantitative theory as a research methodology. The production function studies of Douglas, Solow, and Prescott illustrate the approach. Quantitative theory has grown because economists can use it to learn whether basic models capture the main empirical features of actual economies. More detailed evaluation of contemporary macroeconomic models requires a successful blending of the methods of quantitative theory and econometrics.

Suggested Citation

King, Robert G., Quantitative Theory and Econometrics (1995). FRB Richmond Economic Quarterly, vol. 81, no. 3, Summer 1995, pp. 53-105. Available at SSRN: https://ssrn.com/abstract=2129324

Robert G. King (Contact Author)

Boston University - Department of Economics ( email )

270 Bay State Road
Boston, MA 02215
United States
617-353-5941 (Phone)

Federal Reserve Bank of Richmond - Research Department

P.O. Box 27622
Richmond, VA 23261
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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