Zmienne ukryte w modelach ekonomicznych – respecyfikacja modelu Kleina I
Latent variables in econometric models – respecification of Klein I model

Summary/Abstract: Structural equation models with latent variables becomes one of dominant analytical approaches in social sciences. Usually, these models have FASEM form, that is combining confirmatory factor analysis (FA) and regression path modeling (SEM). The aim of the paper is the respecification of Klein I model taking into account both econometric and psychometric perspectives in the model development, introducing latent variables with measurement errors of economic constructs. The SEM-based models of Klein I with measurement errors, identities and parameter constrains are developed and compared.

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