Description

Book Synopsis
Econometric issues have provoked a lively and sometimes adversarial debate in the economics profession. The excitement and intellectual vitality of that debate is captured here for the reader in a lucid overview of econometric approaches, describing their advantages and limitations.

This ambitious book focuses on the underlying methodological issues rather than concentrating upon econometric techniques. The limits of econometric investigations are identified through a critical appraisal of three different approaches associated with the work of Professors Hendry, Leamer and Sims. After explaining why the early optimism in econometrics was misplaced, it argues that rejection is not an appropriate response. It offers a rich spectrum of approaches to a problem of central importance in the development of modern economics.

The book will appeal not only to all econometricians whatever their persuasion but also to all those with an interest in the methodology of economics.

The Limits of Econometrics

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    A Paperback / softback by Adrian C. Darnell, J. L. Evans

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      Publisher: Edward Elgar Publishing Ltd
      Publication Date: 01/01/1990
      ISBN13: 9781852785178, 978-1852785178
      ISBN10: 1852785179
      Also in:
      Econometrics and economic statistics

      Description

      Book Synopsis
      Econometric issues have provoked a lively and sometimes adversarial debate in the economics profession. The excitement and intellectual vitality of that debate is captured here for the reader in a lucid overview of econometric approaches, describing their advantages and limitations.

      This ambitious book focuses on the underlying methodological issues rather than concentrating upon econometric techniques. The limits of econometric investigations are identified through a critical appraisal of three different approaches associated with the work of Professors Hendry, Leamer and Sims. After explaining why the early optimism in econometrics was misplaced, it argues that rejection is not an appropriate response. It offers a rich spectrum of approaches to a problem of central importance in the development of modern economics.

      The book will appeal not only to all econometricians whatever their persuasion but also to all those with an interest in the methodology of economics.

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