Sentences with phrase «general equilibrium tests»

Even microeconomic models are bad shape; most of the major hypotheses get rejected when doing general equilibrium tests.

Not exact matches

The cross-country comparative approach provides a number of unique advantages over national studies: It can exploit institutional variation that does not exist within countries; draw on much larger variation than usually available within any country; reveal whether any result is country - specific or more general; test whether effects are systematically heterogeneous in different settings; circumvent selection issues that plague within - country identification by using system - level aggregated measures; and uncover general - equilibrium effects that often elude studies in a single country.

On microeconomics, what kind of R - squared are they getting when they test the general equilibrium neoclassical model?