DEMAND ANATOMY FOR AUTOMOBILE

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ASGARI M.

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Journal Paper

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Journal: ECONOMIC RESEARCH REVIEW Year:2004 | Volume:4 | Issue:3 Page(s): 55-70

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Information Journal Paper

Title

DEMAND ANATOMY FOR AUTOMOBILE

Author(s)

ASGARI M. | Issue Writer Certificate

Keywords

Not Registered.

Abstract

In this article we argue that for the estimation of a valid econometrics relation, an economic theory is indispensable. In many cases, it has been observed that statistical relations have been introduced as an econometric model. The main idea is that an econometric model relays heavily on economic theory, and ignoring the relevant economic theory underlying the observed relationship frequently gives rise to a nonessential model specification. The data of National Account are based on economic theory. An econometric model which uses the National Account data has to follow the basic principles of economic models which are "econometric" theories. Therefore, it is argued that many so called theories published in economic journals do not follow economic theories and therefore are fundamentally flawed. We have used the demand for automobiles to clarify this point further.

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APA: Copy

ASGARI, M.. (2004). DEMAND ANATOMY FOR AUTOMOBILE. ECONOMIC RESEARCH REVIEW, 4(3), 55-70. SID. https://sid.ir/paper/67314/en

Vancouver: Copy

ASGARI M.. DEMAND ANATOMY FOR AUTOMOBILE. ECONOMIC RESEARCH REVIEW[Internet]. 2004;4(3):55-70. Available from: https://sid.ir/paper/67314/en

IEEE: Copy

M. ASGARI, “DEMAND ANATOMY FOR AUTOMOBILE,” ECONOMIC RESEARCH REVIEW, vol. 4, no. 3, pp. 55–70, 2004, [Online]. Available: https://sid.ir/paper/67314/en

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