Distributed Control of Econometric Data Bases and Models

Ippei Sugiura

Chapter 5 in National Income and Economic Progress, 1988, pp 70-103 from Palgrave Macmillan

Abstract: Abstract A remarkable development is now taking place in the field of econometrics because of the rapid progress of personal computers. The price of a personal computer which has enough capacity to carry out full-scale econometric research is now much lower than that of a small car. Many econometricians are now doing without large-scale computers and are free from the burden of obtaining large computing budgets. The fact that any research worker can own and run in his office or at home a personal computer of much the same capacity as a large-scale computer, will surely have a profound effect on the evolution of econometrics. Even theoretical economists have began to utilise personal computers to prove their theorems.

Keywords: Endogenous Variable; Econometric Model; National Income; Block Model; Post Office (search for similar items in EconPapers)
Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-19340-0_6

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DOI: 10.1007/978-1-349-19340-0_6

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