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Title:Representation in econometrics: A historical perspective PDF Logo
Authors:Gilbert, Christopher L.
Qin, Duo
Issue Date:2007
Series/Report no.:Working Paper, Department of Economics, Queen Mary, University of London 583
Abstract:Measurement forms the substance of econometrics. This chapter outlines the history of econometrics from a measurement perspective - how have measurement errors been dealt with and how, from a methodological standpoint, did econometrics evolve so as to represent theory more adequately in relation to data? The evolution is organized in terms of four phases: 'theory and measurement', 'measurement and theory', 'measurement with theory' and 'measurement without theory'. The question of how measurement research has helped in the advancement of knowledge advance is discussed in the light of this history.
Subjects:Econometrics
History
Measurement error
JEL:B16
B23
C10
C50
Document Type:Working Paper
Appears in Collections:Working Paper Series, School of Economics and Finance, Queen Mary, University of London

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