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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/10011592193
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/10014173201
Lawrence R. Klein (1920-2013) played a major role in the construction and in the further dissemination of econometrics … paper is to give an account of Klein's image of econometrics focusing on his early period as an econometrician (1944 … contains a set of fundamental publications and events, which were decisive for Klein's conception of econometrics, and which …
Persistent link: https://www.econbiz.de/10011098349
so atheoretical as widely believed and that it helps reform econometrics by shifting research focus from measurement of …
Persistent link: https://www.econbiz.de/10010284221
In recent years, the government, of African Countries has assumed major responsibilities for economic reforms and growth. In attempting to describe their economies, economists (policymakers) in many African Countries have applied certain models that are by now widely known: Linear programming...
Persistent link: https://www.econbiz.de/10013117492
it. By tackling model choice, however, the VAR approach helps reform econometrics by shifting the research focus from …
Persistent link: https://www.econbiz.de/10012725583
This study exposes the flaw in defining endogeneity bias by correlation between an explanatory variable and the error term of a regression model. Through dissecting the links which have led to entanglement of measurement errors, simultaneity bias, omitted variable bias and self-selection bias,...
Persistent link: https://www.econbiz.de/10013013051
so atheoretical as widely believed and that it helps reform econometrics by shifting research focus from measurement of …
Persistent link: https://www.econbiz.de/10005106384