Econometrics: an appraisal
Article publication date: 1 August 2000
Econometrics labours under the same limitations as economics: it rests on unrealistic hypotheses (and non‐operational concepts) and is isolated from other sciences. It should try to test economic hypotheses and estimate relationships that constitute theory, notwithstanding the poor available data. Many econometrists are no longer interested in measurement, but in art for art’s sake: econometrics becomes abstract mathematisation.
van Meerhaeghe, M.A.G. (2000), "Econometrics: an appraisal", Journal of Economic Studies, Vol. 27 No. 4/5, pp. 316-325. https://doi.org/10.1108/01443580010341772
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