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The Practice of Econometric Theory - An Examination of the Characteristics of Econometric Computation (Hardcover, 2009 ed.)
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The Practice of Econometric Theory - An Examination of the Characteristics of Econometric Computation (Hardcover, 2009 ed.)
Series: Advanced Studies in Theoretical and Applied Econometrics, 44
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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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