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Journal Article
History of Political Economy (2022) 54 (S1): 221–257.
Published: 01 December 2022
... of economic experts' descriptions . This article highlights one category of influential, quantitative descriptive claim: stylized facts. Stylized facts are simple empirical regularities in need of explanation. Focusing on the example of the gender wage gap in the United States, this article showcases how...
FIGURES
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Journal Article
History of Political Economy (2009) 41 (Suppl_1): 315–333.
Published: 01 December 2009
... of these regressions have proven to be inappropriate and led to substantial exaggeration of the evidentiary support for various new growth theories. On the other hand, I argue that these regressions have a valuable role to play in identifying the modern analog of stylized facts for growth behavior. Copyright 2009...
Journal Article
History of Political Economy (2009) 41 (2): 219–247.
Published: 01 June 2009
... of the work-
ings of an economic system, more accurate predictions of the effect of par-
ticular policy options, better explanations of “stylized facts,” those easily
observed and well-established empirical regularities that serve as indica-
tors of the validity of our theories.
The Process...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 27–34.
Published: 01 December 2009
...—in order to accommodate
such new factual developments.
Do Growth and Growth Theory Have a Future? 29
In this connection, the one thing I have found lacking in the program
of the conference so far is some serious attention to the stylized facts of
economic growth...
Journal Article
History of Political Economy (2011) 43 (3): 591–605.
Published: 01 September 2011
... that it still is. And
my point is simply that Sraffian economics has nothing whatever to say
about it. (2009, 226)
To try to assess this assertion we may take it together with the other
allegation by Blaug we have chosen to consider. Some pages after that
passage, he refers to “stylized facts...
Journal Article
History of Political Economy (1982) 14 (2): 295–297.
Published: 01 June 1982
.... Mention should be made,
however, of the author’s erroneous use of Marshall’s concept of the “repre-
sentative firm.” To collect “stylized facts” to form an empirical model (but not
to describe an actual case) does not imitate Marshall’s use of the representative
firm; rather it applies the method...
Journal Article
History of Political Economy (2011) 43 (3): 513–536.
Published: 01 September 2011
...’ sides, as dis-
cussed by Dunlop (1938). Section 3 will be devoted to the cyclical behav-
ior of markups, resulting from rigid output prices and from variable
degrees of collusion along the cycle. Section 4 concludes.
1. A Contested “Stylized Fact” in the Light
of Imperfect Competition...
Journal Article
History of Political Economy (1989) 21 (4): 743–744.
Published: 01 November 1989
... testable hypotheses. He
was later to call these regularities “stylized facts” (Further essays in economic
theory, 1978, xviii). One must also mention that his greatly admired teacher Allyn
Young had a strong empirical bias in his approach to economics (see Charles P.
Blitch, “Allyn A. Young,” HOPE...
Journal Article
History of Political Economy (2022) 54 (S1): 283–285.
Published: 01 December 2022
...: The Stylized Facts of Inequality , traces the history and politics of the gender wage gap, the racial wealth gap, and top income inequality. Marianne Johnson is a professor of economics at the University of Wisconsin–Oshkosh. Her research focuses primarily on the history of public economics and public...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 149–160.
Published: 01 December 2009
...., and R. Levine. 2001 . What Have We Learned from a Decade of Empirical Research? It's Not Factor Accumulation: Stylized Facts and Growth Models. World Bank Economic Review 15.2 : 177 –219. Eisner, Robert. 1958 . On Growth Models and the Neoclassical Resurgence. Economic Journal 68.272 : 707...
Journal Article
History of Political Economy (1991) 23 (2): 353–355.
Published: 01 June 1991
... that analysis should proceed from
“stylized facts’’ and “broad tendencies” with the proper level of abstraction.
Geoff Hodgson, one of Britain’s leading institutionalists, discusses Kaldor’s
thesis that differences in growth rates of advanced countries can be explained by
the processes of cumulative...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 1–23.
Published: 01 December 2009
... and natural growth, though it might arise from
the “diffi culties and rigidities” highlighted by Keynesian short-run analy-
sis.5 After Kaldor (1961) put forward his famous “stylized facts” of long-
run growth, Solow reaffi rmed the ability of the neoclassical growth model
to account for the main...
Journal Article
History of Political Economy (1982) 14 (2): 297–300.
Published: 01 June 1982
....
There is little fault to find‘with Dahlman’s book. Mention should be made,
however, of the author’s erroneous use of Marshall’s concept of the “repre-
sentative firm.” To collect “stylized facts” to form an empirical model (but not
to describe an actual case) does not imitate Marshall’s use...
Journal Article
History of Political Economy (1994) 26 (2): 341–345.
Published: 01 June 1994
... an “Australian School” in the same sense as there is, for example, an Austrian
or Swedish School. They find instead, in Australia’s past, a national style of political
economy characterized by a propensity to use robust assumptions, assemble stylized
facts for analysis, and make rather audacious excursions...
Journal Article
History of Political Economy (2005) 37 (Suppl_1): 292–313.
Published: 01 December 2005
.... Ruge-Murcia, F. 1997 . Heterodox Inflation Stabilization in Argentina, Brazil, and Israel: A Historical Review and Some Stylized Facts . University of Montreal, CRDE Working Paper 0797, May. Summers, L. 2000 . International Financial Crises: Causes, Prevention, and Cures. American Economic...
Journal Article
History of Political Economy (2005) 37 (Suppl_1): 175–199.
Published: 01 December 2005
... between the Wars . Princeton, N.J.: Princeton University Press. Bringing in the State? The Life
and Times of Laissez-Faire
in the Nineteenth-Century
United States
Bradley W. Bateman
The stylized facts of when and how the federal government became di-
rectly involved with the economy...
Journal Article
History of Political Economy (2014) 46 (1): 149–166.
Published: 01 March 2014
... allusions to the possibility of “assessing the fecundity of a theory
by its ability to explain stylized facts, meaning easily observed and well-
attested empirical regularities about an economy or an economic sys-
tem” (239), as well as to “empirical work inspired by the theoretical ideals
of Sraffian...
Journal Article
History of Political Economy (1997) 29 (3): 413–443.
Published: 01 September 1997
..., especially if the capi-
tal embodies technological advances. The correlation between savings-
investment and output is high. A machine enables a worker to produce
many times the volume he can produce in its absence. One of Kaldor’s
(1961) “stylized” facts on growth is that the input of capital per...
Journal Article
History of Political Economy (2000) 32 (Suppl_1): 145–176.
Published: 01 December 2000
...) can be seen as examples of his applied
economics: they both start by establishing the basic stylized facts from
empirical evidence, develop the theoretical background that explains
those facts, and conclude with suggestions for economic policies. It is
interesting to note that in comparing some...
Journal Article
History of Political Economy (1990) 22 (S1): 349–358.
Published: 01 December 1990
..." (1985, 105, emphasis his). We might describe this task today as the search for "stylized facts," and might question whether it is properly classified as theoretical research (White 1985, x-xi). But it is certainly clear that for Menger there is a nonintrospective path to knowledge. Alter's rejection...
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