The Formation of Econometrics: A Historical Perspective

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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 1940s 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 eastablished 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.

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About the Author:

Duo Qin is a Lecturer in Economic at Queen Mary and Westfield College, University of London.

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"Much-needed...Duo sets out to describe the marriage between mathematical statistical procedures and economic modeling of real world data and manages a unique feat, the contextualizing of intellectual strides in the analysis of economic data within the confines of economic theory....Chapters
discussing testing and model construction revisited are crucial reading for econometric practitioners....A required addition to the applied econometrician's reference library."--Choice
"Much-needed...Duo sets out to describe the marriage between mathematical statistical procedures and economic modeling of real world data and manages a unique feat, the contextualizing of intellectual strides in the analysis of economic data within the confines of economic theory....Chapters
discussing testing and model construction revisited are crucial reading for econometric practitioners....A required addition to the applied econometrician's reference library."--Choice
"Much-needed...Duo sets out to describe the marriage between mathematical statistical procedures and economic modeling of real world data and manages a unique feat, the contextualizing of intellectual strides in the analysis of economic data within the confines of economic theory....Chapters
discussing testing and model construction revisited are crucial reading for econometric practitioners....A required addition to the applied econometrician's reference library."--Choice
"Much-needed...Duo sets out to describe the marriage between mathematical statistical procedures and economic modeling of real world data and manages a unique feat, the contextualizing of intellectual strides in the analysis of economic data within the confines of economic theory....Chapters discussing testing and model construction revisited are crucial reading for econometric practitioners....A required addition to the applied econometrician's reference library."--Choice

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Book Description Oxford University Press, United Kingdom, 1997. Paperback. Condition: New. Revised ed.. Language: English . Brand New Book ***** Print on Demand *****.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 1940s 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 eastablished 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. Seller Inventory # AAV9780198292876

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Book Description Oxford University Press(UK). Paperback. Condition: New. This item is printed on demand. 228 pages. 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 1940s 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 eastablished 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. This item ships from La Vergne,TN. Paperback. Seller Inventory # 9780198292876

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