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, relating them to Frisch’s later works and, more important, to subsequent developments in economics and econometrics. …
Persistent link: https://www.econbiz.de/10008511666
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/10010289028
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
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
This essay examines the history of econometrics through a case study of the Phillips curve, that is, econometric … econometrics? This study reveals that much of the interaction between econometrics and economics involved modelers making certain … reveals that the history of econometric modeling of the Phillips curve mirrors the evolving process of how the Cowles …
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