Econometrics Retrospect and Prospect

James Johnston

Economic Journal, 1991, vol. 101, issue 404, 51-56

Abstract: This paper is part of a symposium in the Economic Journal celebrating the first one hundred years of the Royal Economic Society and the publication of the Economic Journal. The paper highlights the main features of econometrics as it has developed in the past one hundred years. It focuses on the fragility of estimated relationships and closes with a brief discussion of three areas: (1) lines of communication between econometric theorists and applied econometricians, (2) the balance between theoretical and applied work in econometrics, and (3) resolution of doctrinal disputes. Copyright 1991 by Royal Economic Society.

Date: 1991
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