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:	2012-08-30
Authors:	Zaman, Asad
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Econometric Methodology \| logical positivism \| realism \| causality \| VAR models \| Forecasting \| surprise \| goodness of fit

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Notes:	Published in International Econometric Review 2.4(2012): pp. 99-122
Classification:	B16 - History of Economic Thought: Quantitative and Mathematical ; C19 - Econometric and Statistical Methods: General. Other
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011114177