Author : A. C. Darnell
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 200 pages
Book Rating : 4.:/5 (321 download)
Book Synopsis The Limits of Econometrics by : A. C. Darnell
Download or read book The Limits of Econometrics written by A. C. Darnell and published by Edward Elgar Publishing. This book was released on 1990 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.