The econometrics of the Holy Grail : A critique (Revised version)

This paper discusses the methodological views of David Hendry. A critique is given on the reification of the so-called Data Generating Process. The merits of general to specific modelling are analyzed. Hendry's neo-Popperian philosophy is examined. It is argued that this philosophy is not able to transform econometrics from `alchemy' to `science'.

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Year of publication:	1995
Authors:	Keuzenkamp, H.A.
Institutions:	Tilburg University, Center for Economic Research
Subject:	Econometrics \| Testing \| Data Generation Process \| econometrics

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Extent:	application/pdf
Series:	Discussion Paper.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series CentER Discussion Paper Number 1995-21
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011091417