Econometrics: Alchemy or Science?

Econometrics: Alchemy or Science?

by David F. Hendry

Hardcover(Older Edition)


Product Details

ISBN-13: 9781557862648
Publisher: Wiley, John & Sons, Incorporated
Publication date: 02/01/1993
Series: Essays in Econometric Methodology Ser.
Edition description: Older Edition
Pages: 550
Product dimensions: 6.50(w) x 1.50(h) x 9.50(d)

About the Author

David F. Hendry is Leverhulme Personal Research Professor of Economics and Fellow of Nuffield College, Oxford. He was previously Professor of Econometrics at both the London School of Economics and the University of California at San Diego.

Table of Contents

I. Roots and Route Maps
1. Econometrics — Alchemy or Science?
2. Stochastic Specification in an Aggregate Demand Model of the United Kingdom
3. Testing Dynmaic Specification in Small Simultaneous Systems: an Application to a Model of Building Society Behaviour in the United Kingdom
4. Dynamic Specification
II. The Development of Empirical Modelling Strategies
5. On the Time-Series Approach
6. Serial Correlation as a Convenient Simplification, not a Nuisance: a Comment on a Study of the Demand for Money by the Bank of England
7. An Empirical Application and Monte Carlo Analysis of the Tests of Dynamic Specification
8. Econometric Modelling of the Aggregate Tme-Series Relationship between Consumers' Expenditure and Income in the United Kingdom
9. Liquidity and Inflation Effects on Consumers' Expenditure
10. Interpreting Econometric Evidence: The Behaviour of Consumres' Expenditure in the United Kingdom
11. Predictive Failure and Econometric Modelling in Macroeconomics: the Transactions Demand for Money
12. Monetary Economic Myth and Econometric Reality
III. Formalization
13. The Structure of Simultaneous Equations Estimators
14. AUTOREG: a Computer Program Library for Dynamic Econometric Models with Autoregressive Errors
15. Exogenity
16. On the Formulation of Empirical Models in Dynamic Econometrics
17. The Econometric Analysis of Economic Time Series
IV. Retrospect and Prospect
18. Econometric Modelling: the 'Consumption Function' in Retrospect
19. Postscript: the Econometrics of PC-GIVE
20. Epilogue: the Success of General-to-Specific Model Selection

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