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Representation in Econometrics: A Historical Perspective

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Author Info
Christopher L. Gilbert (Università degli Studi di Trento)
Duo Qin () (Queen Mary, University of London)

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Abstract

Measurement forms the substance of econometrics. This chapter outlines the history of econometrics from a measurement perspective - how have measurement errors been dealt with and how, from a methodological standpoint, did econometrics evolve so as to represent theory more adequately in relation to data? The evolution is organized in terms of four phases: 'theory and measurement', 'measurement and theory', 'measurement with theory' and 'measurement without theory'. The question of how measurement research has helped in the advancement of knowledge advance is discussed in the light of this history.

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Publisher Info
Paper provided by Queen Mary, University of London, Department of Economics in its series Working Papers with number 583.

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Date of creation: Jan 2007
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Handle: RePEc:qmw:qmwecw:wp583

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Related research
Keywords: Econometrics History Measurement error

Find related papers by JEL classification:
B16 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Quantitative and Mathematical
B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Quantitative and Mathematical
C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - General
C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General

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This page was last updated on 2008-10-30.

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