Structural vs. atheoretic approaches to econometrics

By Michael P. Keane. 2010

257 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Sociology and Political Science

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Citations in the corpus

Invited Paper - Learning Models: An Assessment of Progress, Challenges, and New Developments (2011, unknown): “The natural experiment school of econometrics views clinical trials as the gold standard to which economics should aspire to avoid structural modeling – see Keane (2010a).”
Social Experiments in the Labor Market (2016, unknown): “…group of critics of experimentation points to the importance of identifying the “structural” parameters – a full characterization of program enrollment decisions and the behavioral processes that lead to the observed outcomes – that determine program selection and impacts (see, e.g., Keane 2010).”
Do energy efficiency policies save energy? A new approach based on energy policy indicators (in the EU Member States) (2020, unknown): “(i) correlated with the potentially endogenous regressor (i.e. the energy policy indicator), otherwise we say that the instruments are “ weak ” , and IV estimates will be very unstable (ii) uncorrelated with any omitted variable in the equation of interest (this assumption is sometimes called exclus”
A Structural Perspective on the Experimentalist School (2010, background): “In Keane (2010b), I argue that "we cannot even begin the systematic assembly of facts and empirical regularities without a preexisting theoretical framework that gives the facts meaning and tells us which facts we should establish."”
Microsimulation and policy analysis (2014, background): “While this literature in general has been more focused on expost analysis, Keane (2010) and Blundell (2012), among others, have underlined the need to consider both ex-ante and ex-post approaches to study the effects of policy changes.”
Labor Supply and Taxes: A Survey (2011, background): “109 For instance, a back-of-the-envelope calculation in Keane (2010) shows that, given consensus values for the return to work experience in the U.S., at age 20 the OCT is roughly double the wage, while at age 40 it is only 20% greater.”