The Practice of Econometric Theory: An Examination of the Characteristics of Econometric Computation

ISBN-13: 9783642242519 / Angielski / Miękka / 2011 / 311 str.

Charles G. Renfro

Opis

Offering a complete overview of all econometric software packages available worldwide, this book describes the history of econometric computation from 1950. It is based on an interactive survey of the econometricians who have developed the software.

Recenzje

From the reviews: "The author concentrates on the OLS estimator as the most important one in applied econometrics and the supplementary evaluative tests applied in conjunction with OLS. According to this choice, the author presents, classifies, and documents the particular diagnostic tests that are provided in existing econometric software packages. The ultimate goal consists of supplying reliable and useful information to econometric software developers, econometric theorists, and to economists who use this software." (Herbert S. Buscher, Zentralblatt MATH, Vol. 1176, 2010)

Spis treści

Econometric Computation.- Econometric Software.- Econometric Diagnostic Tests.- The Basic Statistics.- The Failure of Assumptions.- Cointegration and Alternative Specifications.- Several Historical Considerations.- The Implications of the Findings.

Blurb

Econometric theory, as presented in textbooks and the econometric literature generally, is a somewhat disparate collection of findings. Its essential nature is to be a set of demonstrated results that increase over time, each logically based on a specific set of axioms or assumptions, yet at every moment, rather than a finished work, these inevitably form an incomplete body of knowledge. The practice of econometric theory consists of selecting from, applying, and evaluating this literature, so as to test its applicability and range. The creation, development, and use of computer software has led applied economic research into a new age. This book describes the history of econometric computation from 1950 to the present day, based upon an interactive survey involving the collaboration of the many econometricians who have designed and developed this software. It identifies each of the econometric software packages that are made available to and used by economists and econometricians worldwide.