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Limits of Econometrics

Author

Listed:
  • David A. Freedman

Abstract

This article discusses the limitations and challenges of econometric methods in establishing causal relationships and making reliable predictions in economic analysis.

Suggested Citation

  • David A. Freedman, 2009. "Limits of Econometrics," International Econometric Review (IER), Economic Research Association, vol. 1(1), pages 5-17, April.
    • Handle: RePEc:erh:journl:v:1:y:2009:i:1:p:5-17
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    File URL: https://dergipark.org.tr/tr/pub/ier/issue/26411/278076
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    References listed on IDEAS

    as
    1. Sims, Christopher A, 1980. "Macroeconomics and Reality," Econometrica, Econometric Society, vol. 48(1), pages 1-48, January.
    2. Joshua D. Angrist & Alan B. Krueger, 2001. "Instrumental Variables and the Search for Identification: From Supply and Demand to Natural Experiments," Journal of Economic Perspectives, American Economic Association, vol. 15(4), pages 69-85, Fall.
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    4. Joshua Angrist & Alan Krueger, 2001. "Instrumental Variables and the Search for Identification: From Supply and Demand to Natural Experiments," Working Papers 834, Princeton University, Department of Economics, Industrial Relations Section..
    5. Dewald, William G & Thursby, Jerry G & Anderson, Richard G, 1986. "Replication in Empirical Economics: The Journal of Money, Credit and Banking Project," American Economic Review, American Economic Association, vol. 76(4), pages 587-603, September.
    6. Lucas, Robert Jr, 1976. "Econometric policy evaluation: A critique," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 19-46, January.
    7. repec:mpr:mprres:3694 is not listed on IDEAS
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    9. Steven Glazerman & Dan M. Levy & David Myers, 2003. "Nonexperimental Versus Experimental Estimates of Earnings Impacts," The ANNALS of the American Academy of Political and Social Science, , vol. 589(1), pages 63-93, September.
    10. Brunner, Karl & Meltzer, Allan H., 1976. "The Phillips curve," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 1-18, January.
    11. William N. Evans & Robert M. Schwab, 1995. "Finishing High School and Starting College: Do Catholic Schools Make a Difference?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(4), pages 941-974.
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    14. James J. Heckman, 2000. "Causal Parameters and Policy Analysis in Economics: A Twentieth Century Retrospective," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 115(1), pages 45-97.
    15. Lomborg,Bjørn, 2001. "The Skeptical Environmentalist," Cambridge Books, Cambridge University Press, number 9780521010689.
    16. Schneider, Mark & Teske, Paul & Marschall, Melissa & Mintrom, Michael & Roch, Christine, 1997. "Institutional Arrangements and the Creation of Social Capital: The Effects of Public School Choice," American Political Science Review, Cambridge University Press, vol. 91(1), pages 82-93, March.
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    18. Arceneaux, Kevin & Gerber, Alan S. & Green, Donald P., 2006. "Comparing Experimental and Matching Methods Using a Large-Scale Voter Mobilization Experiment," Political Analysis, Cambridge University Press, vol. 14(1), pages 37-62, January.
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    Cited by:

    1. Benzarour, Choukri, 2014. "صياغة السياسات الاقتصادية الكلية في الجزائر: هل من حاجة إلى الاسترشاد بالنماذج الاقتصادية القياسية؟ [The formulation of macroeconomic policies in Algeria: Is it necessary to be guided by Macroeconometric models?]," MPRA Paper 87071, University Library of Munich, Germany, revised 29 May 2018.
    2. A. A. Shirov & V. V. Potapenko, 2026. "Structure of Consumption of Russian Households: Can We Explain the Paradox?," Studies on Russian Economic Development, Springer, vol. 37(2), pages 171-184, April.

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