Econometrics: an appraisal

Econometrics labours under the same limitations as economics: it rests on unrealistic hypotheses (and non-operational concepts) and is isolated from other sciences. It should try to test economic hypotheses and estimate relationships that constitute theory, notwithstanding the poor available data. Many econometrists are no longer interested in measurement, but in art for art’s sake: econometrics becomes abstract mathematisation.

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Year of publication:	2000
Authors:	Meerhaeghe, Marcel A.G. van
Published in:	Journal of Economic Studies. - Emerald Group Publishing. - Vol. 27.2000, September, 4/5, p. 316-325
Publisher:	Emerald Group Publishing
Subject:	Econometrics \| Economic theory \| Economics \| Methodology

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004976549