The International Journal in Economics and Business Strategies
Volume 5, Numéro 2, Pages 22-29
2025-12-31

Econometrics As A Tool For Validation Of Economic Theories



Authors : Amel Dib ‎ . Hafida Fella Aitabbas .

Abstract

Abstract: ‎ Econometric modelling is a central tool in economics, making it possible to link theoretical ‎assumptions to empirical data. It combines statistics, mathematical economics and economic ‎theory to analyse the relationships between variables, evaluate public policies and forecast ‎economic developments. Econometrics plays a dual role: validating existing theories (deductive ‎approach) and identifying new regularities to stimulate the development of new theories ‎‎(inductive approach). Despite some limitations related to model specification and data ‎uncertainty, it remains essential to guide economic decisions and strengthen theoretical ‎frameworks.‎

Keywords

Keywords: Econometrics, Economic Modelling, Theory Validation, Policy Evaluation, ‎Empirical Analysis, Forecasting.‎

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