Scalability and precision are important in several senses: Questions of how to measure a(-ny) given economic phenomenon at its associated appropriate ”scale” (e.g. micro versus macro, or time scale), as well as constructively pointing out how to develop quantified descriptions of uncertainties of specific measures, and other relevant questions should be able to be handled within such a visionary framework. The framework should also enable economic theorists (to be challenged) to define their concepts sufficiently precisely (within the framework) for falsification to be conceivably within reach of empirically working economists.

Oxford Bulletin of Economics and StatisticsVolume 54, Issue 3 p. 461-472 A Note with Quantiles of the Asymptotic Distribution of the Maximum Likelihood Cointegration Rank Test Statistics† Michael Osterwald-Lenum, Michael Osterwald-Lenum Institute of Economics, University of Copenhagen, DK-1455, DenmarkSearch for more papers by this author Michael Osterwald-Lenum, Michael Osterwald-Lenum Institute of Economics, University of Copenhagen, DK-1455, DenmarkSearch for more papers by this author First published: August 1992 https://doi.org/10.1111/j.1468-0084.1992.tb00013.xCitations: 1,455 † This note was written during a visit 1 July 1989–1 June 1990 to the Department of Economics, University of California, San Diego. Its previous title was 'Recalculated and extended tables of the asymptotic distribution of some important maximum likelihood cointegration test statistics' dated December 1989 and revised January 1990. It has since been expanded by cases 2 and 2*. AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Citing Literature Volume54, Issue3August 1992Pages 461-472 RelatedInformation