Two examples of structural modelling . Notes for " Structural modelling
نویسنده
چکیده
Structural models are models for empirical work that have deepparameters that are invariant to changes in the economic environment. Structural modelling always involves theoretical modelling; my own feeling is that it is impossible to do good applied microeconometrics without also doing good theory. The polar extreme to structural modelling is quasi-experimental (or natural experiment) modelling which seeks to model atheoretically reactions to exogenous changes. The contrast between structural modelling and quais-experimental analysis is covered briey in the second part of this course. The elements of a (micro) structural model include:
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