The use of structural models in econometrics

This paper discusses the role of structural economic models in empirical analysis and policy design. The central payoff of a structural econometric model is that it allows an empirical researcher to go beyond the conclusions of a more conventional empirical study that provides reduced-form causal re...

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Bibliographic Details
Main Authors: Low, H, Meghir, C
Format: Journal article
Language:English
Published: American Economic Association 2017