Zaman, Asad (2012): Methodological mistakes and econometric consequences. Published in: International Econometric Review , Vol. 4, No. 2 (1. September 2012): pp. 99-122.
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Econometric Methodology is based on logical positivist principles. Since logical positivism has collapsed, it is necessary to re-think these foundations. We show that positivist methodology has led econometricians to a meaningless search for patterns in the data. An alternative methodology which relates observed patterns to real causal structures is proposed
|Item Type:||MPRA Paper|
|Original Title:||Methodological mistakes and econometric consequences|
|Keywords:||Econometric Methodology, logical positivism, realism, causality, VAR models, Forecasting, surprise, goodness of fit|
|Subjects:||B - History of Economic Thought, Methodology, and Heterodox Approaches > B1 - History of Economic Thought through 1925 > B16 - Quantitative and Mathematical
C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C19 - Other
|Depositing User:||Asad Zaman|
|Date Deposited:||04. Sep 2012 16:09|
|Last Modified:||06. Oct 2015 10:59|
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