A History of Econometrics

A History of Econometrics

1st Edition - July 1, 1987

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  • Author: R.J. Epstein
  • eBook ISBN: 9781483294223

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This comparative historical study of econometrics focuses on the development of econometric methods and their application to macroeconomics.The analysis covers the origins of modern econometrics in the USA and Europe during the 1920's and 30's, the rise of `structural estimation' in the 1940's and 50's as the dominant research paradigm, and the crisis of the large macroeconomic models in the 1970's and 80's.The completely original feature of this work is the use of previously unknown manuscript material from the archives of the Cowles Commission and other collections. The history so constructed shows that recent debates over methodology are incomplete without understanding the many deep criticisms that were first raised by the earliest researchers in the field.

Table of Contents

  • Introduction. The Discovery of `Higher Statistics' in Economic Research. The Emergence of Structural Estimation. The Historical Context of Structural Estimation. Promises and Problems of Structural Estimation. Contemporary Alternatives to Simultaneous Equations Estimation. Exogeneity. Vector Autoregressions. Conclusion. Bibliography. Indexes.

Product details

  • No. of pages: 260
  • Language: English
  • Copyright: © North Holland 1987
  • Published: July 1, 1987
  • Imprint: North Holland
  • eBook ISBN: 9781483294223

About the Author

R.J. Epstein

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