Methodological Mistakes and Econometric Consequences

Econometric Methodology is based on logical positivist principles. Since logical positivism has collapsed, it is necessary to re-think these foundations. We show that positivist methodology has led econometricians to a meaningless search for patterns in the data. An alternative methodology which relates observed patterns to real causal structures is proposed.

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Year of publication:	2012
Authors:	Zaman, Asad
Published in:	International Econometric Review (IER). - Ekonometrik Araştırmalar Derneği, ISSN 1308-8815. - Vol. 4.2012, 2, p. 99-122
Publisher:	Ekonometrik Araştırmalar Derneği
Subject:	Econometric Methodology \| logical positivism \| realism \| causality \| VAR models \| Forecasting \| surprise \| goodness of fit

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Extent:	application/pdf
Type of publication:	Article
Classification:	c18 ; B40 - Economic Methodology. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010837165