A comment on Siegfried's first lesson in econometrics
AbstractIn an insightful, and delightfully short, paper that was published in the Journal of Political Economy in 1970, Siegfried provided an im- portant lesson about econometric methodology for all budding young econometricians. Unfortunately, there is a mistake in that paper. This short comment provides a simple correction for that mistake. This correction will hopefully enable econometrics students to obtain the fundamental insights from Siegfried's paper with less confusion than might otherwise have been the case.
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Bibliographic InfoPaper provided by School of Economics, La Trobe University in its series Working Papers with number 2013.02.
Length: 4 pages
Date of creation: 2013
Date of revision:
Econometrics; Education; Methodology;
Find related papers by JEL classification:
- A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
- C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
- C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-05-11 (All new papers)
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