Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/238803 
Authors: 
Year of Publication: 
2012
Citation: 
[Journal:] International Econometric Review (IER) [ISSN:] 1308-8815 [Volume:] 4 [Issue:] 2 [Publisher:] Econometric Research Association (ERA) [Place:] Ankara [Year:] 2012 [Pages:] 99-122
Publisher: 
Econometric Research Association (ERA), Ankara
Abstract: 
Econometric Methodology is based on logical positivist principles. Since logical positivism has collapsed, it is necessary to re-think these foundations. We show that positivist methodology has led econometricians to a meaningless search for patterns in the data. An alternative methodology which relates observed patterns to real causal structures is proposed.
Subjects: 
Econometric Methodology
logical positivism
realism
causality
VAR models
Forecasting
surprise
goodness of fit
JEL: 
C18
B40
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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