Econometrics: Alchemy Or Science?:

Essays in Econometric Methodology

OUP Oxford, Oct 26, 2000 - Business & Economics - 542 pages

"Econometrics: Alchemy or Science?" analyses the effectiveness and validity of applying econometric methods to economic time series. The methodological dispute is long-standing, and no claim can be made for a single valid method, but recent results on the theory and practice of model selection bid fair to resolve many of the contentious issues.The book presents criticisms and evaluations of competing approaches, based on theoretical economic and econometric analyses, empirical applications, and Monte Carlo simulations, which interact to determine best practice. It explains the evolution of an approach to econometric modelling founded in careful statistical analyses of the available data, using economic theory to guide the general model specification. From a strong foundation in the theory of reduction, via a range of applied andsimulation studies, it demonstrates that general-to-specific procedures have excellent properties.The book is divided into four Parts: Routes and Route Maps; Empirical Modelling Strategies; Formalization; and Retrospect and Prospect. A short preamble to each chapter sketches the salient themes, links to earlier and later developments, and the lessons learnt or missed at the time. A sequence of detailed empirical studies of consumers' expenditure and money demand illustrate most facets of the approach. Material new to this revised edition describes recent major advances in computer-automatedmodel selection, embodied in the powerful new software program PcGets, which establish the operational success of the modelling strategy.

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Follow what big daddy Hendry says on the subject and you won't go far wrong.

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JSTOR: Econometrics: Alchemy or Science? Essays in Econometric ...
9, 343-344 (1994) , , ,, r III II I II ~ I III iii Econometrics: Alchemy or Science? Essays in Econometric Methodology, DAVID F. HENDRY. ...
links.jstor.org/ sici?sici=0883-7252(199407%2F09)9%3A3%3C343%3AEAOSEI%3E2.0.CO%3B2-T

aa by John Wiley Sons, Ltd.
Econometrics: Alchemy or Science? Essays in Econometric Methodology,. davld F. HENDRY. Oxford,. UK and Cambridge, USA: Blackwell, ...
doi.wiley.com/ 10.1002/ jae.3950090309

FRB: THE ET INTERVIEW: PROFESSOR DAVID F. HENDRY
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REVIEW OF
(1993) Econometrics: Alchemy or Science; Essays in Econometric Methodology. Oxford: Blackwell. Hendry, D. F. and Ericsson, nr (1991) ...
www.blackwell-synergy.com/ doi/ pdf/ 10.1111/ j.1467-6419.1995.tb00115.x

Board of Governors of the Federal Reserve System International ...
Board of Governors of the Federal Reserve System. International Finance Discussion Papers. Number 838. August 2005. General-to-specific Modeling: ...
www.nuffield.ox.ac.uk/ users/ hendry/ ElgarCEH.pdf

Base de donn�es bibliographiques BDESR du D�partement INRA-ESR ...
Econometrics, alchemy or science ? Essays in econometric methodology Source : Oxford (GBR) : Blackwell, 1993, 518 p. R�sum� : Recueil des principaux essais ...
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About the author (2000)

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.

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Title	Econometrics: Alchemy Or Science?: Essays in Econometric Methodology Oxford scholarship online
Author	David F. Hendry
Edition	2, illustrated, reprint
Publisher	OUP Oxford, 2000
ISBN	0198293542, 9780198293545
Length	542 pages
Subjects	Business & Economics › Real Estate › General Business & Economics / Econometrics Business & Economics / Economics / General Business & Economics / General Business & Economics / Real Estate / General Business & Economics / Statistics

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