The formation of econometrics : a historical perspective / Qin Duo.

Format:

Book

Author/Creator:

Qin, Duo.

Language:

English

Subjects (All):

Econometrics--History.

Econometrics.

Economics--History.

Economics.

Physical Description:

1 online resource (xii, 212 pages)

Edition:

1st ed.

Place of Publication:

Oxford, [England] : Clarendon Press ; New York : Oxford University Press, 1993.

Language Note:

English

Summary:

Duo Qin has provided a scholarly study of a crucial period in the history of econometrics. She traces the formation of econometric theory during the period 1930-1960, and focuses on the formalization of mathematical and scientific processes to analyse economic problems. This book deals with the advances made in the practice of econometrics as a discipline, in terms of the basic issues is econometric modelling: the probability of foundations, estimations, identification, testing, and model construction and specification. Duo Qin argues that, while the probability revolution in econometrics in the early 1940's laid the basis for the systematization of econometric theory, it was actually an incomplete revolution, and its incompleteness underlay various problems and failures that occurred in applying the newly established theory to modelling practice. Model construction and hypothesis testing remained problematic because the basic problem of induction in econometrics was not properly formalized and solved. The book thus links early econometric history with many issues of interest to contemporary developments in econometrics.

Contents:

Intro

Preface

Contents

Introduction

1. The Probability Foundations of Econometrics

1.1 The Eve of the Probability Revolution

1.2 Introduction of Probability Theory

1.3 The Haavelmo Revolution

1.4 Alternative Approaches

1.5 An Incomplete Revolution

2. Model Construction

2.1 Econometric Measurement without Models

2.2 Emergence of Structural Model Construction

2.3 Formalization of Structural Model Formulation

2.4 Maturity of Simultaneous-Equations Model Formulation

3. Estimation

3.1 From LS to ML Estimation before Haavelmo's Revolution

3.2 ML Estimation of Simultaneous-Equations Systems

3.3 Estimation with Special Concerns for Time-Series Data

3.4 Other Estimation Methods for Errors-in-Variables Models

3.5 From ML back to LS, Completion of Estimation Procedure for Simultaneous-Equations Systems

4. Identification

4.1 Taking Shape

4.2 Initial Systematization

4.3 The First Explicit Formalization

4.4 Further Developments

5. Testing

5.1 Antecedents

5.2 Adoption of the Hypothesis-Testing Framework and Invention of Econometric Tests

5.3 Hypothesis-Testing via Model Evaluation in Applied Econometrics

5.4 Diagnostic Tests for Model Evaluation in Theoretical Econometrics

6. Model Construction Revisited

6.1 Testing and Model Construction

6.2 Identification and Model Construction

6.3 Estimation and Model Construction

6.4 Model Construction and the Probability Approach

The History Revisited

Bibliography

Index of Names

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

Y

Z

Index of Subjects

W.

Notes:

Includes bibliographical references (p. [189]-205) and indexes.

ISBN:

1-281-97817-5

9786611978174

0-19-152135-3

0-585-20009-2

OCLC:

922953994