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A comment on Siegfried's first lesson in econometrics


  • Damien S.Eldridge

    () (School Economics, La Trobe University)


In 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.

Suggested Citation

  • Damien S.Eldridge, 2013. "A comment on Siegfried's first lesson in econometrics," Working Papers 2013.02, School of Economics, La Trobe University.
  • Handle: RePEc:trb:wpaper:2013.02
    Note: ISSN-1837-2198

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    More about this item


    Econometrics; Education; Methodology;
    All these keywords.

    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


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