The Practice of Econometric Theory

An Examination of the Characteristics of Econometric Computation

Business & Finance, Economics, Econometrics, Nonfiction, Science & Nature, Mathematics, Applied
Cover of the book The Practice of Econometric Theory by Charles G. Renfro, Springer Berlin Heidelberg
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Author: Charles G. Renfro ISBN: 9783540755715
Publisher: Springer Berlin Heidelberg Publication: June 29, 2009
Imprint: Springer Language: English
Author: Charles G. Renfro
ISBN: 9783540755715
Publisher: Springer Berlin Heidelberg
Publication: June 29, 2009
Imprint: Springer
Language: English

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.

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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.

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