Pc-Give and David Hendry'S Econometric Methodology

Neil Ericsson, Julia Campos and Hong-Anh Tran

Brazilian Review of Econometrics, 1990, vol. 10, issue 1

Abstract: This paper summarizes David Hendry's empirical econometric methodology, unifying discussions in many of his and his co-authors' papers. Then, we describe how Hendry'S suite of computer programs PC-GIVE helps users implement that methodology. Finally, we illustrate that methodology and the programs with three empirical examples: post-war narrow money demand in the United Kingdom, nominal income determination in the United Kingdom from Friedman and Schwartz (1982), and consumers' expenditure in Venezuela. These examples help clarify the methodology'S central concepts, which include cointegration, error-correction, general-to-simple modelling, dynamic specification, model evaluation and testing, parameter constancy, and exogeneity.

Date: 1990
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Working Paper: PC-give and David Hendry's econometric methodology (1991)
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Persistent link: https://EconPapers.repec.org/RePEc:sbe:breart:v:10:y:1990:i:1:a:3021

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