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Ta-Chung Liu's Exploratory Econometrics


  • Hsiang-Ke Chao
  • Chao-Hsi Huang


This essay studies the contribution of Ta-Chung Liu to econometrics by focusing on the models and methods of Liu's econometric practices from the 1950s to the 1970s. We document his development of an exploratory econometric approach, a development he effected by experimenting with tools and elements in the model-building process and which led him finally to accept the recursive methodology represented by Herman Wold. We also discuss Liu's theoretical and empirical concerns for econometric models that spurred his involvement in a series of debates against the Cowles Commission approach in the 1960s and 1970s, and we discuss his legacy to contemporary econometrics.

Suggested Citation

  • Hsiang-Ke Chao & Chao-Hsi Huang, 2011. "Ta-Chung Liu's Exploratory Econometrics," History of Political Economy, Duke University Press, vol. 43(5), pages 140-165, Supplemen.
  • Handle: RePEc:hop:hopeec:v:43:y:2011:i:5:p:140-165

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    References listed on IDEAS

    1. Pagan, Adrian, 1987. " Three Econometric Methodologies: A Critical Appraisal," Journal of Economic Surveys, Wiley Blackwell, vol. 1(1), pages 3-24.
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    9. Spanos,Aris, 1986. "Statistical Foundations of Econometric Modelling," Cambridge Books, Cambridge University Press, number 9780521269124, March.
    10. Lindbeck, Assar, 1985. "The Prize in Economic Science in Memory of Alfred Nobel," Journal of Economic Literature, American Economic Association, vol. 23(1), pages 37-56, March.
    11. Neil R. Ericsson, 2004. "The ET interview: professor David F. Hendry," International Finance Discussion Papers 811, Board of Governors of the Federal Reserve System (U.S.).
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    13. Hendry, David F. & Learmer, Edward E. & Poirier, Dale J., 1990. "A Conversation on Econometric Methodology," Econometric Theory, Cambridge University Press, vol. 6(02), pages 171-261, June.
    14. Christ, Carl F, 1983. "The Founding of the Econometric Society and Econometrica," Econometrica, Econometric Society, vol. 51(1), pages 3-6, January.
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    16. Kevin Hoover, 2001. "Introduction," Journal of Economic Methodology, Taylor & Francis Journals, vol. 8(2), pages 167-167.
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    Cited by:

    1. Pedro Garcia Duarte & Kevin D. Hoover, 2012. "Observing Shocks," History of Political Economy, Duke University Press, vol. 44(5), pages 226-249, Supplemen.

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    econometrics; Ta-Chung Liu;


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