Methodological mistakes and econometric consequences
Econometric Methodology is based on logical positivist principles. Since logical positivism has collapsed, it is necessary to re-think these foundations. We show that positivist methodology has led econometricians to a meaningless search for patterns in the data. An alternative methodology which relates observed patterns to real causal structures is proposed
|Date of creation:||30 Aug 2012|
|Date of revision:|
|Publication status:||Published in International Econometric Review 2.4(2012): pp. 99-122|
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