‘Emerging contrary result’ phenomenon and scientific realism

Mariusz Maziarz

Abstract

The article is aimed at reconsidering the question if the project of econometrics can be read in line with scientific realism. Previously, the methodological literature focused onthephilosophy of econometrics, voices criticizing realist interpretations of econometricswere raised. The criticism was aimed at showing that econometric models lack robustness. The use of slightly different methods leadsto obtaining different and often contrary models what supposedly undermine the project of econometrics.In this article, I aim at offering a new argument in defence of the current practice of the economists devoted to the empirical branch of macroeconomics. To do so, I apply Mäki’s (2009)model of representationto threecase studiesof contradictory pairs of econometric models and argue that contrary results are not necessarily a drawback of econometrics. Instead, the seemingly contradictorypairs of modelsare useful in various contexts constituted by their purpose and audience.
Publication typeIn press
Author Mariusz Maziarz (ES)
Mariusz Maziarz,,
- Faculty of Economic Sciences
Journal seriesPanoeconomicus, ISSN 1452-595X, e-ISSN 2217-2386, (A 20 pkt)
Issue year2018
Pages1-20
Publication size in sheets0.95
Keywords in Englisheconometrics, emerging contrary result phenomenon, ERR, minimal scientific realism, robustness checks, Reinhart-Rogoff controversy
ASJC Classification2000 General Economics, Econometrics and Finance
DOIDOI:10.2298/PAN171218024M
URL http://www.panoeconomicus.org/index.php/jorunal/article/view/626/514
Languageen angielski
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Maziarz_M_Emerging_Contrary_Result_Phenomenon.pdf 677,42 KB
Not used for evaluationyes
Score (nominal)0
Publication indicators Scopus SNIP (Source Normalised Impact per Paper): 2016 = 0.936; WoS Impact Factor: 2017 = 0.438 (2) - 2017=0.571 (5)
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