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- W2500620170 abstract "Abstract Mainstream econometric research in the 1960s and the 1970s comprised primarily technical refinements and extensions of the structural modelling procedure. The author, therefore marks an end‐point around 1960 in the historical study of the formation of econometrics, and asks in this concluding chapter of the book what should and can be learnt from this period of history with respect to present and future econometric research. She has seen during the historical investigation presented that the key points of historic significance are the junctures at which economic thinking and mathematical statistics merged to match economics with data information. In the light of this, she tries to draw some more concrete lessons from these junctures, hoping to provide some useful points, particularly with respect to issues pertinent to present econometric developments. The prime impression of the history is that most important econometric advances have resulted from ingenious interfusion of statistical ideas with economic thinking, in regard to applied problems of interest, with the single most significant event of this sort being, perhaps, the acceptance of probability theory." @default.
- W2500620170 created "2016-08-23" @default.
- W2500620170 creator A5043498713 @default.
- W2500620170 date "1997-07-31" @default.
- W2500620170 modified "2023-09-24" @default.
- W2500620170 title "The History Revisited" @default.
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