Chapter 25
ECONOMIC DATA ISSUES
ZVI GRILICHES*
Harvard University
Contents
1. Introduction: Data and econometricians - the uneasy alliance 1466
2. Economic data: An overview 1470
3. Data and their discontents 1472
4. Random measurement errors and the classic EVM 1476
5. Missing observations and incomplete data 1485
6. Missing variables and incomplete models 1495
7. Final remarks 1507
References 1509