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Measurement forms the substance of econometrics. This chapter outlines the history of econometrics from a measurement … perspective - how have measurement errors been dealt with and how, from a methodological standpoint, did econometrics evolve so as … measurement research has helped in the advancement of knowledge advance is discussed in the light of this history. …
Persistent link: https://www.econbiz.de/10005106464
We characterize modern econometrics in terms of the emergence a widely accepted analytical framework. A major theme … research sought to base econometrics on autonomous probabilistic models specified in terms of underlying structural parameters … expositions of what was accepted as standard econometrics in the late sixties and early seventies. Subsequently, the paradigm was …
Persistent link: https://www.econbiz.de/10010289029
We characterize modern econometrics in terms of the emergence a widely accepted analytical framework. A major theme … research sought to base econometrics on autonomous probabilistic models specified in terms of underlying structural parameters … expositions of what was accepted as standard econometrics in the late sixties and early seventies. Subsequently, the paradigm was …
Persistent link: https://www.econbiz.de/10005106445
An entry for the New Palgrave Dictionary of Economics. Traces the history of causality in economics and econometrics …
Persistent link: https://www.econbiz.de/10012726910
This study exposes the specious quality of ‘endogeneity bias'. It reviews how conceptualisation of the bias has evolved to embrace all major econometric problems, despite extensive lack of hard evidence. It reveals the crux of the bias – a priori rejection, as conditionally invalid, of...
Persistent link: https://www.econbiz.de/10012965988
Trygve Haavelmo's The Probability Approach in Econometrics (1944) has been widely regarded as the foundation document … of modern econometrics. Nevertheless, its significance has been interpreted in widely different ways. Some modern … techniques and a close reading of econometrics articles and textbooks to trace the way in which the economics profession received …
Persistent link: https://www.econbiz.de/10011708115
Trygve Haavelmo’s The Probability Approach in Econometrics (1944) has been widely regarded as the foundation document … of modern econometrics. Nevertheless, its significance has been interpreted in widely different ways. Some modern … techniques and a close reading of econometrics articles and textbooks to trace the way in which the economics profession received …
Persistent link: https://www.econbiz.de/10014173201
continues to be relevant in econometrics, and interest in Rasch’s separability theorem is growing as the measurement models …
Persistent link: https://www.econbiz.de/10013214837
Understanding the history of econometrics as a modern science also asks for understanding of the development of the … image of science, which includes the history of philosophy of science and the history of economic methodology. Beside that …'s distinction between the body and image of knowledge does not only provide a framework to write histories of econometrics, but also …
Persistent link: https://www.econbiz.de/10013130997
Pawel Ciompa's conception of econometrics is compared with the modern mainstream interpretation of the term that … econometrics as being entirely descriptive. He considered it to be a set of tools for facilitating the conveyance of information in … unification of economic theory, mathematics and statistics. A justification for applying the latter conception of econometrics …
Persistent link: https://www.econbiz.de/10012907635